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SHAREHOLDERS' EQUITY | 3 Months Ended
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Mar. 31, 2026
Equity [Abstract] |
SHAREHOLDERS' EQUITY | SHAREHOLDERS’ EQUITY Dividends The following table summarizes the dividends declared and paid on common stock:
| 2026 |  | 2025 |  |  |  |
| Cash Dividend Per Share |  | Total Dividends (in millions) |  | Cash Dividend Per Share |  | Total Dividends (in millions) |  |  |  |
First Quarter | $ | 0.80 |  |  | $ | 197.1 |  |  | $ | 0.79 |  |  | $ | 200.4 |  |  |  |  |
Treasury Stock The Company acquires its common stock for general corporate purposes through its publicly announced share repurchase program. As of March 31, 2026, the Company had remaining authorization from its Board of Directors to purchase 28.0 million shares of its common stock. The table below summarizes the Company’s share repurchase activity:
| Three Months Ended |  |
| March 31, |  |
| 2026 |  | 2025 |  |  |  |
Treasury stock purchases (in millions) | $ | 575.6 |  |  | $ | 351.7 |  |  |  |  |
Treasury stock purchases (in shares) | 1,600,000 |  |  | 1,000,000 |  |  |  |  |
Average price per share | $ | 359.72 |  |  | $ | 351.68 |  |  |  |  |
Other Capital During the three months ended March 31, 2026, 317,573 stock options were exercised at a weighted average exercise price per share of $151.45. In addition, 345,759 restricted stock units vested during the same period.

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