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Equity Incentive Plan (Tables)
12 Months Ended
Dec. 31, 2019
Share-based Payment Arrangement [Abstract]  
Table of Performance Share Unit Monte Carlo Assumptions [Table Text Block]
 
2019
 
2018
 
2017
Risk-free interest rate
1.69
%
 
3.03
%
 
1.73
%
Expected life in years
3

 
3

 
3

Expected volatility
24
%
 
26
%
 
28
%
Expected dividend yield

 

 


Schedule of Stock Options, Activity
 
Number of
Options
 
Weighted Average
Exercise Price
 
Aggregate Intrinsic
Value (in millions)
Outstanding at December 31, 2018
847,830

 
$260.88
 
$264.0
Granted
42,676

 
720.81
 
 
Exercised
(280,383
)
 
169.70
 
 
Forfeited
(1,408
)
 
661.92
 
 
Outstanding at December 31, 2019
608,715

 
334.20
 
279.5
Options exercisable at December 31, 2019
458,803

 
$259.02
 
$245.1

Schedule Shares Outstanding under Stock Option Plans, by Exercise Price Range
Number of Options
Outstanding
 
Weighted Average
Exercise Price
 
Remaining Contractual
Life of Options
Outstanding
 
Options
Exercisable
 
 
 
184,729

 
$158.97
 
2.3
 
184,729

145,927

 
$254.61
 
4.4
 
145,927

153,226

 
$354.45
 
6.3
 
100,952

124,833

 
$661.68
 
8.9
 
27,195

608,715

 
 
 
5.2
 
458,803


Schedule of Stock Options, Valuation Assumptions
 
2019
 
2018
 
2017
Risk-free interest rate
1.74
%
 
3.09
%
 
2.00
%
Expected life in years
6.0

 
5.9

 
5.8

Expected volatility
24
%
 
26
%
 
28
%
Expected dividend yield

 

 


Schedule Restricted Stock Units, Activity
 
Number of Restricted
Stock Units
 
Aggregate Intrinsic
Value (in millions)
 
Number of Performance Share Units
 
Aggregate Intrinsic Value (in millions)
Outstanding at December 31, 2018
49,252

 
$27.8
 
12,814

 
$7.2
Granted
11,750

 
 
 
4,505

 
 
Vested
(16,948
)
 
 
 

 
 
Forfeited
(3,069
)
 
 
 
(136
)
 
 
Outstanding at December 31, 2019
40,985

 
$32.5
 
17,183

 
$13.6