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Stock Based Compensation (Tables)
3 Months Ended
Mar. 31, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock Based Compensation Expense
The following table provides information regarding the Company’s stock-based compensation expense:
 
Three months ended March 31,
 
2019
 
2018
Stock-based compensation
$
25.3

 
$
26.0

Tax effect recognized in net earnings
5.3

 
5.5

Weighted Average Assumptions Used to Value Option Grants
The following weighted average assumptions were used to estimate the fair value of options granted during current and prior year periods using the Black-Scholes option-pricing model:
 
Three months ended March 31,
 
2019
 
2018
Risk-free interest rate (%)
2.44
 
2.61
Expected option life (years)
5.41
 
5.32
Expected volatility (%)
19.24
 
18.00
Expected dividend yield (%)
0.59
 
0.59