Share-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2020

Share-based Payment Arrangement, Noncash Expense [Abstract]

Share-Based Compensation Expense

The expense recognized for the three and nine months ended September 30 was as follows:

	Three months ended				Nine months ended
In millions	2020		2019		2020		2019
Stock options	$	2.6	$	2.9	$	15.7	$	17.5
RSUs	3.4		4.1		20.6		22.9
Performance shares	5.7		5.8		20.1		12.7
Deferred compensation	1.1		0.8		2.9		2.3
Other (1)	2.6		(0.2)		1.4		2.7
Pre-tax expense	15.4		13.4		60.7		58.1
Tax benefit	(3.7)		(3.3)		(14.7)		(14.1)
After-tax expense	$	11.7	$	10.1	$	46.0	$	44.0
Amounts recorded in continuing operations	11.5		8.3		44.5		38.0
Amounts recorded in discontinued operations	0.2		1.8		1.5		6.0
Total	$	11.7	$	10.1	$	46.0	$	44.0

Grants of Stock Options and RSUs

Grants issued during the nine months ended September 30 were as follows:

	2020			2019
	Number granted	Weighted- average fair value per award		Number granted	Weighted- average fair value per award
Stock options	1,020,535	$	16.75	1,285,257	$	17.17
RSUs	211,307	$	104.09	265,964	$	102.81
Performance shares (1)	278,468	$	140.72	311,158	$	111.04

(1) The number of performance shares represents the maximum award level.

Average fair value of stock options, assumptions

The following assumptions were used during the nine months ended September 30:

	2020		2019
Dividend yield	2.01	%	2.06	%
Volatility	24.33	%	21.46	%
Risk-free rate of return	0.56	%	2.46	%
Expected life in years	4.8		4.8