Equity-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2024

Share-Based Payment Arrangement [Abstract]

Summary of Stock Based Compensation Assumptions

The following table summarizes the assumptions used in the Monte Carlo simulation model to determine the grant date fair value and associated equity-based compensation expenses by grant date for the 2024 PSUs:

	Absolute TSR		Relative TSR
Grant date	February 20, 2024	March 4, 2024	February 20, 2024	March 4, 2024
Forecast period (years)	3	3	3	3
Risk-free interest rates	4.4%	4.4%	4.4%	4.4%
Implied equity volatility	35%	35%	35%	35%
Stock price on date of grant	$163.75	$160.23	$163.75	$160.23