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Share-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2021
Share-based Payment Arrangement [Abstract]  
Schedule of Weighted Average Option Fair Values and Assumptions
Weighted average option fair values and assumptions for the periods specified are as follows:
 Years Ended December 31,
 202120202019
Weighted average fair value of grants$38.88$34.22$35.15
Dividend yield1.01%1.15%1.18%
Volatility23.78%22.04%24.77%
Risk-free interest rate
0.12% - 1.54%
1.39% - 1.66%
2.53% - 3.04%
Expected life (in years)5.705.805.87
Schedule of Stock Option Activity
A summary of the Company’s stock option activity as of December 31, 2021, and changes during the year ended December 31, 2021 is presented as follows:
SharesWeighted
Average
Price		Weighted-Average
Remaining
Contractual Term		Aggregate
Intrinsic
Value
(Dollars in millions except weighted average price)
Stock Options
Outstanding at January 1, 2021963,726 $125.70 6.94$70.8 
Granted279,785 198.29 
Exercised(186,897)105.22 
Forfeited/Expired(48,028)168.36 
Outstanding at December 31, 20211,008,586 $147.60 6.97$89.5 
Vested and expected to vest at December 31, 2021967,228 $145.97 6.90$87.4 
Exercisable at December 31, 2021444,057 $108.60 5.22$56.7 
Schedule of Compensation Cost for Stock Options
Total compensation cost for stock options is recorded in the Consolidated Statements of Income as follows:
 Years Ended December 31,
 202120202019
 (In millions)
Cost of goods sold$0.5 $0.5 $0.5 
Selling, general and administrative expenses8.0 7.6 8.7 
Total expense before income taxes8.5 8.1 9.2 
Income tax benefit(0.8)(0.9)(1.2)
Total expense after income taxes$7.7 $7.2 $8.0 
Schedule of Restricted Stock Activity A summary of the Company’s restricted stock activity as of December 31, 2021, and changes during the year ending December 31, 2021 is as follows:
Restricted StockSharesWeighted-Average
Grant Date Fair
Value
Unvested at January 1, 2021111,300 $147.13 
Granted39,530 206.53 
Vested(34,680)140.73 
Forfeited(8,675)170.22 
Unvested at December 31, 2021107,475 $169.58 
Schedule of Compensation Cost for Restricted Stock
Total compensation cost for restricted stock is recorded in the Consolidated Statements of Income as follows:
 Years Ended December 31,
 202120202019
 (In millions)
Cost of goods sold$0.4 $0.3 $0.3 
Selling, general and administrative expenses5.1 3.9 4.5 
Total expense before income taxes5.5 4.2 4.8 
Income tax benefit(1.1)(0.9)(0.9)
Total expense after income taxes$4.4 $3.3 $3.9 
Schedule of Unvested Cash-settled Restricted Stock Activity A summary of the Company’s unvested cash-settled restricted stock activity as of December 31, 2021, and changes during the year ending December 31, 2021 is as follows:
Cash-Settled Restricted StockSharesWeighted-Average
Fair Value
Unvested at January 1, 202163,940 $199.20 
Granted22,385 198.85 
Vested(22,921)199.78 
Forfeited(5,455)236.32 
Unvested at December 31, 202157,949 $236.32 
Schedule of Compensation Cost for Unvested Cash-settled Restricted Stock
Total compensation cost for cash-settled restricted stock is recorded in the Consolidated Statements of Income as follows:

Years Ended December 31,
202120202019
 (In millions)
Cost of goods sold$0.7 $0.9 $1.2 
Selling, general and administrative expenses4.3 3.7 4.1 
Total expense before income taxes(1)
5.0 4.6 5.3 
Income tax benefit(0.4)(0.4)(0.5)
Total expense after income taxes$4.6 $4.2 $4.8 

(1) The 2020 and 2019 amounts were previously included in Share-based compensation expense on the Consolidated Statements of Cash Flows. These amounts have been reclassified to Accrued expenses and Other-net such that the amounts presented in Share-based compensation expense on the Consolidated Statements of Cash Flows relate solely to non-cash awards for all years presented. There was no change to the reported amount of net cash flows provided by operating activities for either 2020 or 2019 as a result of the reclassification.
Schedule of Weighted Average Performance Share Units Fair Values and Assumptions
Weighted average performance share unit fair values and assumptions for the period specified are as follows:
Years Ended December 31,
 202120202019
Weighted average fair value of grants$247.49$224.14$207.26
Dividend yield—%—%—%
Volatility28.60%19.50%19.11%
Risk-free interest rate0.33%1.30%2.49%
Expected life (in years)2.932.942.83
Schedule of Performance Shares Units Activity
A summary of the Company’s performance share unit activity as of December 31, 2021, and changes during the year ending December 31, 2021, is as follows:
Performance Share UnitsSharesWeighted-Average
Grant Date Fair
Value
Unvested at January 1, 202158,695 $218.16 
Granted29,020 247.49 
Vested(29,840)212.46 
Forfeited(5,850)212.44 
Unvested at December 31, 202152,025 $236.75 
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs
Total compensation cost for performance share units is as follows:
Years Ended December 31,
202120202019
(In millions)
Cost of goods sold$— $— $— 
Selling, general and administrative expenses6.4 2.6 8.4 
Total expense before income taxes6.4 2.6 8.4 
Income tax benefit(0.3)(0.2)(0.6)
Total expense after income taxes$6.1 $2.4 $7.8