Stock-Based Compensation Plans (Tables)

12 Months Ended

Dec. 31, 2023

Share-Based Payment Arrangement [Abstract]

Schedule of Weighted-Average Assumptions for Grants

The weighted-average assumptions for grants made by Holdings during the years ended December 31, 2023, 2022 and 2021 are as follows:

	2023		2022		2021
Dividend yield	1.57	%	2.05	%	3.06	%
Volatility	32.33	%	33.96	%	36.28	%
Risk-free interest rate	3.67	%	1.92	%	0.50	%
Expected lives in years	7.7		7.2		5.2

Summary of Stock Option Plan Activity

Activity in Crane NXT’s stock option plans for the year ended December 31, 2023 were as follows:

Option Activity	Number of Shares (in 000’s)	Weighted Average Exercise Price		Weighted Average Remaining Life (Years)	Aggregate Intrinsic Value (in millions) (a)
Options outstanding as of January 1, 2023	—	$	—
Converted in Distribution (b)	563	34.42
Granted	—	—
Exercised	(49)	28.11
Canceled	(3)	31.36
Options outstanding as of December 31, 2023	511	$	35.04	6.92	$	11.2
Options exercisable as of December 31, 2023	230	$	26.81	4.97	$	6.9

(a) The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying options and the estimated fair value of the common stock for in the money options at December 31, 2023.

(b) Excludes 611,932 of options issued to SpinCo employees.

Summary of Changes in Restricted Share Units

Changes in our restricted share units for the year ended December 31, 2023 were as follows:

Restricted Share Unit Activity	Restricted Share Units (in 000’s)	Weighted Average Grant-Date Fair Value
Restricted share units as of January 1, 2023	—	$	—
Restricted share units converted in Distribution (a)	445	38.92
Restricted share units granted	36	49.24
Restricted share units vested	(32)	35.46
Restricted share units forfeited	(19)	37.69
Performance-based restricted share units granted	—	—
Performance-based restricted share units vested	(18)	30.88
Performance-based restricted share units forfeited	—	—
Restricted share units as of December 31, 2023	412	$	40.18

(a) Excludes 190,900 of restricted shares units issued to SpinCo employees.