STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2024

Share-Based Payment Arrangement, Noncash Expense [Abstract]

Stock-Based Compensation Cost and Associated Tax Benefit

Presented below is a summary of the stock-based compensation cost and associated tax benefit included in the accompanying consolidated statements of operations:

	Three Months Ended March 31,
	2024		2023
Stock-based compensation cost	$	53	$	47
Tax benefit	$	12	$	10

Weighted Average Assumptions used in Determining Fair Value for Options Granted

The following weighted average assumptions were used in determining the fair value using the Black-Scholes option-pricing model for options granted in 2024:

Expected dividend yield	0.91	%
Expected stock volatility	28	%
Risk-free interest rate	4.34	%
Expected holding period	5.9 years

Stock Option Exercises and Restricted Stock Vesting

The following table summarizes information relating to stock option exercises and restricted stock vesting:

	Three Months Ended March 31,
	2024		2023
Exercise of stock options:
Proceeds from stock option exercises	$	16	$	7
Aggregate intrinsic value	$	21	$	15
Tax benefit realized upon exercise	$	3	$	4
Number of shares exercised	0.1		0.1
Vesting of restricted stock:
Fair value of shares vested	$	169	$	140
Tax benefit realized upon vesting	$	41	$	33
Number of shares vested	0.4		0.5
Vesting of performance-based restricted stock:
Fair value of shares vested	$	40	$	24
Tax benefit realized upon vesting	$	9	$	3
Number of shares vested	0.1		0.1