ARTHUR J. GALLAGHER & CO., DEF 14A filed on 3/22/2024
Proxy Statement (definitive)
v3.24.1
Cover
 12 Months Ended
Dec. 31, 2023
Document Information [Line Items]  
Document Type DEF 14A
Amendment Flag false
Entity Information [Line Items]  
Entity Registrant Name ARTHUR J. GALLAGHER & CO.
Entity Central Index Key 0000354190
v3.24.1
Pay vs Performance Disclosure
 12 Months Ended
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table

Pay Versus Performance

As required by Item 402(v) of Regulation S-K, we are providing the following information regarding the relationship between executive “compensation actually paid” and the company’s financial performance for each of the last three completed calendar years. For further information concerning the company’s pay for performance philosophy and how the company aligns executive compensation with performance, see Overview of Our Executive Compensation Program and Components of Compensation for Named Executive Officers.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Value of Initial Fixed $100
Investment Based On:

 

 

 

 

 

 

 

 

Year

 

Summary
Compensation
Table Total for
PEO(1)

 

 

Compensation
Actually Paid
to PEO(2)

 

 

Average
Summary
Compensation
Table Total for
Non-PEO
Named
Executive
Officers(3)

 

 

Average
Compensation
Actually Paid
to Non-PEO
Named
Executive
Officers(4)

 

 

Total
Shareholder
Return(5)

 

 

Peer Group
Total
Shareholder
Return(6)

 

 

Net
Income
(millions)

 

 

Adjusted
EBITDAC
Growth(7)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2023

 

$

15,496,222

 

 

$

32,997,722

 

 

$

5,408,851

 

 

$

9,743,063

 

 

$

120.50

 

 

$

108.60

 

 

$

969.5

 

 

 

19.0

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2022

 

$

14,194,926

 

 

$

23,190,737

 

 

$

4,953,048

 

 

$

6,908,560

 

 

$

112.43

 

 

$

97.54

 

 

$

1,114.2

 

 

 

18.4

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2021

 

$

13,882,255

 

 

$

36,172,141

 

 

$

5,079,153

 

 

$

11,580,235

 

 

$

139.01

 

 

$

141.53

 

 

$

906.8

 

 

 

17.2

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2020

 

$

11,177,460

 

 

$

26,471,099

 

 

$

3,744,087

 

 

$

8,713,871

 

 

$

132.15

 

 

$

106.24

 

 

$

818.8

 

 

 

21.0

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)
The dollar amounts reported in this column are the amounts reported for Pat Gallagher (the company’s Chairman and Chief Executive Officer) for each of the corresponding years in the “Total” column of the Summary Compensation Table.
(2)
The dollar amounts reported in this column represent the amount of “compensation actually paid” to Pat Gallagher, as computed in accordance with Item 402(v) of Regulation S-K and do not reflect total compensation actually realized or received. In accordance with these rules, these amounts reflect “Total Compensation” as set forth in the Summary Compensation Table for each year, adjusted as shown below. Equity values are calculated in accordance with FASB ASC Topic 718, and the valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Compensation Actually Paid to PEO

 

2023

 

 

2022

 

 

2021

 

 

2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary Compensation Table Total

 

$

15,496,222

 

 

$

14,194,926

 

 

$

13,882,255

 

 

$

11,177,460

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less, value of “Stock Awards” and “Option Awards” reported in Summary Compensation Table

 

$

5,377,616

 

 

$

4,802,893

 

 

$

5,492,149

 

 

$

3,637,861

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less, Change in Pension Value reported in Summary Compensation Table

 

$

36,498

 

 

 

—

 

 

$

19,063

 

 

$

98,106

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Plus, year-end fair value of outstanding and unvested equity awards granted in the year

 

$

11,639,809

 

 

$

7,503,151

 

 

$

13,095,137

 

 

$

10,030,670

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Plus, fair value as of vesting date of equity awards granted and vested in the year

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Plus (less), year over year change in fair value of outstanding and unvested equity awards granted in prior years

 

$

12,000,551

 

 

$

7,566,230

 

 

$

14,263,150

 

 

$

10,345,366

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Plus (less), change in fair value from prior year end until the vesting date of equity awards granted in prior years that vested in the year

 

$

(762,443

)

 

$

(1,297,632

)

 

$

416,987

 

 

$

(1,371,701

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Plus, dividends or other earnings paid on awards in the covered fiscal year prior to vesting if not otherwise included in the Summary Compensation Table Total for the covered fiscal year

 

$

37,697

 

 

$

26,954

 

 

$

25,824

 

 

$

25,271

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less, prior year-end fair value for any equity awards forfeited in the year

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Plus, pension service cost for services rendered during the year

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Compensation Actually Paid to Pat Gallagher

 

$

32,997,722

 

 

$

23,190,737

 

 

$

36,172,141

 

 

$

26,471,099

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(3)
The dollar amounts reported in this column represent the average of the amounts reported for the company’s named executive officers as a group (excluding Pat Gallagher) in the “Total” column of the Summary Compensation Table in each applicable year. The named executive officers included for these purposes in each applicable year 2020 through 2023 are as follows: Doug Howell, Tom Gallagher, Scott Hudson and Walt Bay.
(4)
The dollar amounts reported in this column represent the average amount of “compensation actually paid” to the named executive officers as a group (excluding Pat Gallagher), as computed in accordance with Item 402(v) of Regulation S-K. In accordance with these rules, these amounts reflect “Total Compensation” as set forth in the Summary Compensation Table for each year, adjusted as shown below. Equity values are calculated in accordance with FASB ASC Topic 718, and the valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of the grant.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average Compensation Actually Paid to Non-PEO Named Executive Officers

2023

2022

2021

2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary Compensation Table Total

 

$

5,408,851

 

 

$

4,953,048

 

 

$

5,079,153

 

 

$

3,744,087

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less, value of “Stock Awards” and “Option Awards” reported in Summary Compensation Table

 

$

1,235,470

 

 

$

1,109,940

 

 

$

1,322,515

 

 

$

925,649

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less, Change in Pension Value reported in Summary Compensation Table

 

$

7,164

 

 

 

—

 

 

$

48

 

 

$

20,737

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Plus, year-end fair value of outstanding and unvested equity awards granted in the year

 

$

2,387,352

 

 

$

1,578,828

 

 

$

2,958,220

 

 

$

2,498,015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Plus, fair value as of vesting date of equity awards granted and vested in the year

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Plus (less), year over year change in fair value of outstanding and unvested equity awards granted in prior years

 

$

3,439,861

 

 

$

1,941,447

 

 

$

4,681,938

 

 

$

3,877,807

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Plus (less), change in fair value from prior year end until the vesting date of equity awards granted in prior years that vested in the year

 

$

(258,894

)

 

$

(462,939

)

 

$

174,571

 

 

$

(467,652

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Plus, dividends or other earnings paid on awards in the covered fiscal year prior to vesting if not otherwise included in the Summary Compensation Table Total for the covered fiscal year

 

$

8,526

 

 

$

8,115

 

 

$

8,916

 

 

$

8,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less, prior year-end fair value for any equity awards forfeited in the year

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Plus, pension service cost for services rendered during the year

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average Compensation Actually Paid to Non-PEO Named Executive Officers

 

$

9,743,063

 

 

$

6,908,560

 

 

$

11,580,235

 

 

$

8,713,871

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(5)
Total Shareholder Return (TSR) is calculated by dividing (a) the sum of (i) the cumulative amount of dividends for the measurement period, assuming dividend reinvestment, and (ii) the difference between the company’s share price at the end of each fiscal year shown and the beginning of the measurement period, by (b) the company’s share price at the beginning of the measurement period. The beginning of the measurement period for each year in the table is December 31 of the prior fiscal year.
(6)
Includes Aon plc; Marsh & McLennan Companies, Inc.; Willis Towers Watson plc; and Brown & Brown, Inc.
(7)
“Adjusted EBITDAC” growth as defined for our annual cash incentives and PSUs under Annual Cash Incentives and Long-Term Incentives. See Exhibit A for reconciliations of non-GAAP measures.
     
Company Selected Measure Name Adjusted EBITDAC” growth      
Named Executive Officers, Footnote The named executive officers included for these purposes in each applicable year 2020 through 2023 are as follows: Doug Howell, Tom Gallagher, Scott Hudson and Walt Bay.      
Peer Group Issuers, Footnote Includes Aon plc; Marsh & McLennan Companies, Inc.; Willis Towers Watson plc; and Brown & Brown, Inc.      
PEO Total Compensation Amount $ 15,496,222 $ 14,194,926 $ 13,882,255 $ 11,177,460
PEO Actually Paid Compensation Amount $ 32,997,722 23,190,737 36,172,141 26,471,099
Adjustment To PEO Compensation, Footnote
(2)
The dollar amounts reported in this column represent the amount of “compensation actually paid” to Pat Gallagher, as computed in accordance with Item 402(v) of Regulation S-K and do not reflect total compensation actually realized or received. In accordance with these rules, these amounts reflect “Total Compensation” as set forth in the Summary Compensation Table for each year, adjusted as shown below. Equity values are calculated in accordance with FASB ASC Topic 718, and the valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Compensation Actually Paid to PEO

 

2023

 

 

2022

 

 

2021

 

 

2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary Compensation Table Total

 

$

15,496,222

 

 

$

14,194,926

 

 

$

13,882,255

 

 

$

11,177,460

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less, value of “Stock Awards” and “Option Awards” reported in Summary Compensation Table

 

$

5,377,616

 

 

$

4,802,893

 

 

$

5,492,149

 

 

$

3,637,861

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less, Change in Pension Value reported in Summary Compensation Table

 

$

36,498

 

 

 

—

 

 

$

19,063

 

 

$

98,106

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Plus, year-end fair value of outstanding and unvested equity awards granted in the year

 

$

11,639,809

 

 

$

7,503,151

 

 

$

13,095,137

 

 

$

10,030,670

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Plus, fair value as of vesting date of equity awards granted and vested in the year

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Plus (less), year over year change in fair value of outstanding and unvested equity awards granted in prior years

 

$

12,000,551

 

 

$

7,566,230

 

 

$

14,263,150

 

 

$

10,345,366

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Plus (less), change in fair value from prior year end until the vesting date of equity awards granted in prior years that vested in the year

 

$

(762,443

)

 

$

(1,297,632

)

 

$

416,987

 

 

$

(1,371,701

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Plus, dividends or other earnings paid on awards in the covered fiscal year prior to vesting if not otherwise included in the Summary Compensation Table Total for the covered fiscal year

 

$

37,697

 

 

$

26,954

 

 

$

25,824

 

 

$

25,271

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less, prior year-end fair value for any equity awards forfeited in the year

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Plus, pension service cost for services rendered during the year

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Compensation Actually Paid to Pat Gallagher

 

$

32,997,722

 

 

$

23,190,737

 

 

$

36,172,141

 

 

$

26,471,099

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
     
Non-PEO NEO Average Total Compensation Amount $ 5,408,851 4,953,048 5,079,153 3,744,087
Non-PEO NEO Average Compensation Actually Paid Amount $ 9,743,063 6,908,560 11,580,235 8,713,871
Adjustment to Non-PEO NEO Compensation Footnote
(4)
The dollar amounts reported in this column represent the average amount of “compensation actually paid” to the named executive officers as a group (excluding Pat Gallagher), as computed in accordance with Item 402(v) of Regulation S-K. In accordance with these rules, these amounts reflect “Total Compensation” as set forth in the Summary Compensation Table for each year, adjusted as shown below. Equity values are calculated in accordance with FASB ASC Topic 718, and the valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of the grant.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average Compensation Actually Paid to Non-PEO Named Executive Officers

2023

2022

2021

2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary Compensation Table Total

 

$

5,408,851

 

 

$

4,953,048

 

 

$

5,079,153

 

 

$

3,744,087

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less, value of “Stock Awards” and “Option Awards” reported in Summary Compensation Table

 

$

1,235,470

 

 

$

1,109,940

 

 

$

1,322,515

 

 

$

925,649

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less, Change in Pension Value reported in Summary Compensation Table

 

$

7,164

 

 

 

—

 

 

$

48

 

 

$

20,737

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Plus, year-end fair value of outstanding and unvested equity awards granted in the year

 

$

2,387,352

 

 

$

1,578,828

 

 

$

2,958,220

 

 

$

2,498,015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Plus, fair value as of vesting date of equity awards granted and vested in the year

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Plus (less), year over year change in fair value of outstanding and unvested equity awards granted in prior years

 

$

3,439,861

 

 

$

1,941,447

 

 

$

4,681,938

 

 

$

3,877,807

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Plus (less), change in fair value from prior year end until the vesting date of equity awards granted in prior years that vested in the year

 

$

(258,894

)

 

$

(462,939

)

 

$

174,571

 

 

$

(467,652

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Plus, dividends or other earnings paid on awards in the covered fiscal year prior to vesting if not otherwise included in the Summary Compensation Table Total for the covered fiscal year

 

$

8,526

 

 

$

8,115

 

 

$

8,916

 

 

$

8,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less, prior year-end fair value for any equity awards forfeited in the year

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Plus, pension service cost for services rendered during the year

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average Compensation Actually Paid to Non-PEO Named Executive Officers

 

$

9,743,063

 

 

$

6,908,560

 

 

$

11,580,235

 

 

$

8,713,871

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
     
Compensation Actually Paid vs. Total Shareholder Return


Compensation Actually Paid, Cumulative TSR and Peer Group TSR
 

img134299666_35.jpg 

 
     
Compensation Actually Paid vs. Net Income

 

Compensation Actually Paid and Net Income
 

img134299666_36.jpg 

 

      
Compensation Actually Paid vs. Company Selected Measure

 

Compensation Actually Paid and Adjusted EBITDAC Growth
 

img134299666_37.jpg 
     
Tabular List, Table

Most Important Measures in Determining NEO Pay

Adjusted EBITDAC growth

Adjusted Revenue growth

Adjusted EBITDAC per share growth
     
Total Shareholder Return Amount $ 120.5 112.43 139.01 132.15
Peer Group Total Shareholder Return Amount 108.6 97.54 141.53 106.24
Net Income (Loss) $ 969,500,000 $ 1,114,200,000 $ 906,800,000 $ 818,800,000
Company Selected Measure Amount 0.19 0.184 0.172 0.21
PEO Name Pat Gallagher      
Measure:: 1        
Pay vs Performance Disclosure        
Name Adjusted EBITDAC growth      
Non-GAAP Measure Description “Adjusted EBITDAC” growth as defined for our annual cash incentives and PSUs under Annual Cash Incentives and Long-Term Incentives. See Exhibit A for reconciliations of non-GAAP measures.      
Measure:: 2        
Pay vs Performance Disclosure        
Name Adjusted Revenue growth      
Measure:: 3        
Pay vs Performance Disclosure        
Name Adjusted EBITDAC per share growth      
PEO | Stock Awards and Option Awards [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 5,377,616 $ 4,802,893 $ 5,492,149 $ 3,637,861
PEO | Change In Pension Value Reported [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 36,498   19,063 98,106
PEO | Year End Fair Value Of Outstanding And Unvested Equity Awards Granted In The Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 11,639,809 7,503,151 13,095,137 10,030,670
PEO | Year Over Year Change In Fair Value Of Outstanding And Unvested Equity Awards Granted In Prior Years [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 12,000,551 7,566,230 14,263,150 10,345,366
PEO | Change In Fair Value From Prior Year End Until The Vesting Date Of Equity Awards Granted In Prior Years That Vested In The Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (762,443) (1,297,632) 416,987 (1,371,701)
PEO | Dividends Or Other Earnings Paid On Awards In The Covered Fiscal Year Prior To Vesting If Not Otherwise Included In The Summary Compensation Table Total For The Covered Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 37,697 26,954 25,824 25,271
Non-PEO NEO | Stock Awards and Option Awards [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 1,235,470 1,109,940 1,322,515 925,649
Non-PEO NEO | Change In Pension Value Reported [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 7,164   48 20,737
Non-PEO NEO | Year End Fair Value Of Outstanding And Unvested Equity Awards Granted In The Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 2,387,352 1,578,828 2,958,220 2,498,015
Non-PEO NEO | Year Over Year Change In Fair Value Of Outstanding And Unvested Equity Awards Granted In Prior Years [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 3,439,861 1,941,447 4,681,938 3,877,807
Non-PEO NEO | Change In Fair Value From Prior Year End Until The Vesting Date Of Equity Awards Granted In Prior Years That Vested In The Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (258,894) (462,939) 174,571 (467,652)
Non-PEO NEO | Dividends Or Other Earnings Paid On Awards In The Covered Fiscal Year Prior To Vesting If Not Otherwise Included In The Summary Compensation Table Total For The Covered Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 8,526 $ 8,115 $ 8,916 $ 8,000