Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Stock-Based Compensation Expense

The following table provides information regarding the Company’s stock-based compensation expense:

	Three months ended March 31,
	2024		2023
Stock-based compensation	$	33.6	$	30.2
Tax benefit recognized in net earnings	5.9		5.2

Schedule of Weighted Average Assumptions Used to Value Option Grants

The following weighted average assumptions were used to estimate the fair value of options granted during the current and prior year periods using the Black-Scholes option pricing model:

	Three months ended March 31,
	2024	2023
Risk-free interest rate (%)	4.15	3.73
Expected option life (years)	5.73	5.65
Expected volatility (%)	25.57	26.02
Expected dividend yield (%)	0.50	0.64