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Stock-Based Compensation (Tables)
 3 Months Ended
Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Schedule of type and fair value of the stock-based compensation awards granted during the period
The following table illustrates the type and fair value of the stock-based compensation awards granted during the three months ended March 31, 2023 and 2022, respectively:

 Three Months Ended March 31, 2023Three Months Ended March 31, 2022
 Shares GrantedWeighted-Average Fair Value Per ShareWeighted-Average Grant Date Stock PriceShares GrantedWeighted-Average Fair Value Per ShareWeighted-Average Grant Date Stock Price
Stock options777,275 $75.79 $253.98 1,029,202 $51.69 $196.70 
RSUs379,426 $253.98 $253.98 484,025 $196.70 $196.70 
PRSUs221,869 $253.98 $253.98 258,900 $196.70 $196.70 
Schedule providing assumptions used in determining the fair value of stock-based awards
The following table provides the assumptions used in determining the fair value of the stock-based awards for the three months ended March 31, 2023 and 2022, respectively:
 
 Grant Year
 20232022
Weighted-average dividend yield2.60%2.60%
Weighted-average volatility31.0%31.7%
Range of volatilities
28.5% - 35.5%
25.3% - 36.8%
Range of risk-free interest rates
3.92% - 5.03%
1.03% - 2.00%
Weighted-average expected lives7 years8 years