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Share Repurchase Programs | 12 Months Ended
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Dec. 31, 2024
Share Repurchase Program [Abstract] |
Share Repurchase Programs | Share Repurchase Programs Effective April 1, 2022, our Board of Directors authorized the repurchase of up to 100 million shares of our common stock by March 31, 2025. As of December 31, 2024, we repurchased a total of 25.9 million shares of our common stock under the 2022 authorization. These repurchases may be made on the open market or through other transactions. Our management has sole discretion with respect to determining the timing and amount of these transactions. The table below represents shares repurchased under repurchase programs during 2024 and 2023:
| Number of Shares Purchased | Average Price Paid
| 2024 | 2023 | 2024 | 2023
First quarter | - | 2,908,703 | $ | - |  | $ | 203.19 |
Second quarter | 492,320 | 606,581 | 225.96 |  | 199.81 |
Third quarter | 3,006,061 | - | 245.44 |  | - |
Fourth quarter | 2,804,785 | - | 237.43 |  | - |
Total | 6,303,166 | 3,515,284 | $ | 240.35 |  | $ | 202.61 |
Remaining number of shares that may be repurchased under current authority | 74,088,861
Management's assessments of market conditions and other pertinent factors guide the timing, manner, and volume of all repurchases. We expect to fund any share repurchases under this program through cash generated from operations, the sale or lease of various operating and non-operating properties, debt issuances, and cash on hand. Open market repurchases are recorded in treasury stock at cost, which includes any applicable commissions, fees, and excise taxes. On February 6, 2025, the Board of Directors approved a new share repurchase authorization, enabling the Company to buy up to 100 million shares of its common stock by March 31, 2028. The new authorization is effective April 1, 2025, and replaces the current authorization, which will expire on March 31, 2025.

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- Definition The entire disclosure for treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/505-30/tableOfContent + Details
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