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Stock-Based Incentive Plans (Tables)
12 Months Ended
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs
The following table summarizes the Company's stock-based compensation expense included as a component of general and administrative expenses in the consolidated financial statements:
 Year Ended December 31,
 202220212020
 (In millions)
Stock-based compensation expense   
Equity classified awards expense$16.2 $11.6 $12.6 
Liability classified awards expense1.4 2.3 1.0 
Total pretax stock-based compensation expense17.613.913.6
Book income tax benefit(3.5)(3.5)(3.4)
Total stock-based compensation expense, net of tax$14.1 $10.4 $10.2 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
The following table summarizes the assumptions used in the Black-Scholes model for stock options granted in the years ended December 31, 2022, 2021 and 2020:
202220212020
Risk free interest rate1.7 %0.5 %1.2 %
Weighted average historical volatility70.1 %67.7 %30.5 %
Dividend yield2.6 %— %3.5 %
Expected years until exercise4.54.54.6
Weighted average fair value of options granted$33.23 $40.25 $17.53 
Schedule of Share-based Compensation, Stock Options, Activity
Stock option activity for the years ended December 31, 2022, 2021 and 2020 is summarized as follows:
Number of
Shares Under Option
Weighted Average
Exercise Price
Per Share
Weighted Average
Remaining Contractual
Term (in years)
Aggregate Intrinsic
Value (in millions)
Outstanding at December 31, 20191,217,438 $66.43   
Granted167,969 87.17   
Exercised(270,024)76.01   
Forfeited(45,247)86.39   
Expired(55,466)107.78   
Outstanding at December 31, 20201,014,670 64.16   
Granted95,891 75.28   
Exercised(524,536)48.79   
Forfeited(59,468)88.39   
Expired(50,653)98.61   
Outstanding at December 31, 2021475,904 76.65   
Granted75,795 70.08   
Exercised(3,505)68.80   
Forfeited(6,171)81.13   
Expired(2,448)94.43   
Outstanding at December 31, 2022539,575 $75.65 6.8$3.5 
Vested and Expected to Vest at December 31, 2022528,037 $75.72 5.9$1.5 
Exercisable at December 31, 2022378,811 $75.95 4.9$1.3 
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity
Activity in equity classified awards of restricted stock and restricted stock units for the years ended December 31, 2022, 2021 and 2020 is as follows:

Shares of Restricted Stock
Weighted Average
Grant-Date
Per Share Fair Value
Restricted
Stock Units
Weighted Average
Grant-Date
Per Share Fair Value
Outstanding at December 31, 2019224,515 $70.52 357,807 $30.35 
Granted163,522 73.68 30,997 77.33 
Released(95,211)55.75 (33,234)63.98 
Forfeited(38,495)85.03 — — 
Outstanding at December 31, 2020254,331 76.50 355,570 28.01 
Granted141,264 83.24 68,998 63.04 
Released(60,407)66.90 (318,976)23.19 
Forfeited(58,577)82.09 — — 
Outstanding at December 31, 2021276,611 80.85 105,592 71.00 
Granted201,789 70.12 60,914 49.36 
Released(98,864)86.36 (42,611)66.63 
Forfeited(23,636)75.89 — — 
Outstanding at December 31, 2022355,900 $73.57 123,895 $62.11 
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award
The Company has granted cash-settled restricted stock units to certain employees. These instruments are recorded as liabilities at fair value as of the respective period end.
 Cash-Settled Restricted
Stock Units
Outstanding at December 31, 201963,852 
Granted2,658 
Released(1,426)
Forfeited(12,128)
Outstanding at December 31, 202052,956 
Granted— 
Released(38,916)
Forfeited(1,241)
Outstanding at December 31, 202112,799 
Granted67 
Released(12,866)
Forfeited— 
Outstanding at December 31, 2022—