SHARE-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2023

Share-Based Payment Arrangement [Abstract]

Schedule of Compensation Expense

Share-based compensation is included in Selling and administrative expense. A summary of compensation expense by type of award follows:

(In millions)	2023		2022		2021
Stock appreciation rights	$	6.1	$	5.9	$	5.2
Performance shares	0.2		0.2		0.2
Restricted stock units	6.9		7.1		5.8
Total share-based compensation	$	13.2	$	13.2	$	11.2

Schedule of Assumptions Related To Grants

The following is a summary of the weighted average assumptions related to the grants issued during 2023, 2022 and 2021:

	2023	2022	2021
Expected volatility	35.0%	33.0%	34.0%
Expected dividends	2.30%	1.80%	2.01%
Expected term (in years)	6.4	6.9	6.9
Risk-free rate	3.82%	1.98%	1.19%
Value of SARs granted	$13.28	$14.91	$11.72

Schedule of Stock Appreciation Rights

A summary of SAR activity for 2023 is presented below:

(In millions, except per share data)	Shares	Weighted-Average Exercise Price per Share		Weighted-Average Remaining Contractual Term	Aggregate Intrinsic value
Outstanding as of January 1, 2023	2.2	$	39.08	6.8	$	2.6
Granted	0.5	42.93
Exercised	(0.1)	28.35
Forfeited or expired	(0.1)	36.88
Outstanding as of December 31, 2023	2.5	$	40.18	6.6	$	9.2
Vested and exercisable as of December 31, 2023	1.5	$	35.71	5.2	$	9.2