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Stockholders' Equity
 12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
Stockholders' Equity

Note 11—Stockholders’ Equity

Dividends

In 2025, we paid a quarterly cash dividend of $0.25 per share of common stock in March and June and $0.27 per share of common stock in September and December, totaling $253.8 million. In 2024, we paid a quarterly cash dividend of $0.24 per share of common stock in March and June and $0.25 per share of common stock in September and December, totaling $244.9 million In 2023, we paid a quarterly cash dividend of $0.20 per share of common stock in March and June and $0.24 per share of common stock in September and December, totaling $220.9 million.

Stock Repurchase Program

In each of July 2023 and July 2024 our Board of Directors authorized a stock repurchase program which enabled us to repurchase up to $1 billion in the aggregate of our outstanding common stock. In May 2025, our Board of Directors authorized a stock repurchase program which enabled us to repurchase up to $1.5 billion in the aggregate of our outstanding common stock. Our authority to repurchase shares under the program continues until the one-year anniversary of the Board’s authorization, unless earlier terminated by the Board. During 2025, 2024 and 2023, we repurchased 12.3 million, 10.6 million and 8.4 million shares of common stock for approximately $1,037.5 million, $736.0 million and $474.1 million, respectively.

Other Comprehensive Loss

Accumulated other comprehensive loss balances, net of tax consists of the following (in millions):

Foreign Currency Translation

 

Defined Benefit Obligation

 

Accumulated Other Comprehensive Loss

 

Balance, December 31, 2023

 

$

(424.5

)

 

$

(1.8

)

 

$

(426.3

)

Net current period other comprehensive (loss) income (1)

 

 

(115.1

)

 

 

0.2

 

 

 

(114.9

)

Balance, December 31, 2024

 

$

(539.6

)

 

$

(1.6

)

 

$

(541.2

)

Net current period other comprehensive income (loss) (1)

 

 

255.6

 

 

 

(8.6

)

 

 

247.0

 

Balance, December 31, 2025

 

$

(284.0

)

 

$

(10.2

)

 

$

(294.2

)

(1) Amounts are reported net of tax. Tax effects were immaterial.