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SHAREHOLDERS’ EQUITY (Tables) | 12 Months Ended
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Dec. 31, 2025
Equity [Abstract] |
Schedule of Stock by Class |
| Shares in Treasury |  | Shares Outstanding
Balance at January 1, 2023 | 14,717,347 |  |  | 258,875,999 |
Shares issued for exercise of option rights | — |  |  | 1,081,815 |
Shares tendered as payment for option rights exercised | 10,467 |  |  | (10,467) |
Shares issued for vesting of restricted stock units | — |  |  | 302,713 |
Shares tendered in connection with vesting of restricted stock units | 106,770 |  |  | (106,770) |
Treasury stock purchased | 5,600,000 |  |  | (5,600,000) |
Balance at December 31, 2023 | 20,434,584 |  |  | 254,543,290 |
Shares issued for exercise of option rights | — |  |  | 1,879,285 |
Shares tendered as payment for option rights exercised | 11,884 |  |  | (11,884) |
Shares issued for vesting of restricted stock units | — |  |  | 122,276 |
Shares tendered in connection with vesting of restricted stock units | 41,867 |  |  | (41,867) |
Treasury stock purchased | 5,200,000 |  |  | (5,200,000) |
Balance at December 31, 2024 | 25,688,335 |  |  | 251,291,100 |
Shares issued for exercise of option rights | — |  |  | 1,103,257 |
Shares tendered as payment for option rights exercised | 7,885 |  |  | (7,885) |
Shares issued for vesting of restricted stock units | — |  |  | 176,018 |
Shares tendered in connection with vesting of restricted stock units | 61,027 |  |  | (61,027) |
Treasury stock purchased | 4,800,000 |  |  | (4,800,000) |
Treasury stock retired | (29,491,963) |  |  | — |
Balance at December 31, 2025 | 1,065,284 |  |  | 247,701,463 |
Schedule of Share Repurchases | The table below summarizes the Company’s share repurchase activity:
| 2025 |  | 2024 |  | 2023
Treasury stock purchases (in millions) | $ | 1,656.4 |  |  | $ | 1,738.8 |  |  | $ | 1,432.0 |
Treasury stock purchases (in shares) | 4,800,000 |  |  | 5,200,000 |  |  | 5,600,000 |
Average price per share | $ | 345.09 |  |  | $ | 334.38 |  |  | $ | 255.72 |
Schedule of Dividends Payable | The following table summarizes the dividends declared and paid on common stock:
| 2025 |  | 2024 |  | 2023
Cash dividend per share | $ | 3.16 |  |  | $ | 2.86 |  |  | $ | 2.42 |
Total dividends (in millions) | 789.8 |  |  | 723.4 |  |  | 623.7 |

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