Share-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2022

Share-Based Payment Arrangement [Abstract]

Schedule of share-based payment award, restricted stock units, valuation assumptions

The fair value of the award was calculated using a Monte Carlo simulation pricing model based on the assumptions in the table below, which resulted in the following grant date fair value per share.

	Fair Value Assumptions
Valuation date	January 28, 2022
Fair value on valuation date (in millions)	$12.7
Fair value per share on valuation date (1)	$67.62
Expected share price volatility	36.0%
Risk-free interest rate	1.35%

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(1)For one participant, the fair value per share on the valuation date for their 2022 Performance-Based RSUs is $70.00.