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PREFERRED STOCK AND COMMON SHAREHOLDERS' EQUITY | 9 Months Ended
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Sep. 30, 2025
Stockholders' Equity Note [Abstract] |
PREFERRED SSTOCK AND COMMON SHAREHOLDERS' EQUITY | PREFERRED STOCK AND COMMON SHAREHOLDERS’ EQUITY The Company is authorized to issue up to 265.0 shares of its common stock, par value $0.10 per share (Common Stock). The Company is authorized to issue up to 30.0 shares of preferred stock, par value $0.10 per share. There were no preferred shares outstanding at September 30, 2025, and December 31, 2024. The changes in the Company’s shares of Common Stock issued and outstanding are summarized below:
| Nine Months Ended September 30, 2025 |  |  |  |
Beginning balance | 83.4 |  |  |  |  |
Shares issued under employee stock plans | 0.5 |  |  |  |  |
Shares repurchased | (0.9) |  |  |  |  |
Ending balance | 83.0 |  |  |  |  |
Share Repurchase Program When the Company repurchases shares of Common Stock, the amount paid to repurchase the shares in excess of the par or stated value is allocated to Additional paid-in-capital within the Condensed Consolidated Balance Sheets unless subject to limitation or the balance in Additional paid-in-capital is exhausted. Remaining amounts are recognized as a reduction in Retained earnings within the Company’s Condensed Consolidated Balance Sheets. During the nine months ended September 30, 2025, the Company purchased 0.9 shares of its Common Stock at an average price of $249.27 per share for a total cost of $225.0. During the nine months ended September 30, 2024, the Company purchased 0.8 shares of its Common Stock at an average price of $211.63 per share for a total cost of $175.0. At September 30, 2025, the Company had outstanding authorization from its board of directors (Board) to purchase up to $1,055.4 maximum value of Common Stock. Dividends During each of the three months ended September 30, 2025, and 2024, and each of the nine months ended September 30, 2025, and 2024, a cash dividend of $0.72 and $2.16 per share of Common Stock, respectively, was declared and paid. On October 8, 2025, the Company announced a cash dividend of $0.72 per share of Common Stock, or approximately $60.6 in the aggregate. The dividend will be paid on December 11, 2025, to stockholders of record of all issued and outstanding shares of Common Stock as of the close of business on November 26, 2025. The declaration and payment of any future dividends will be at the discretion of the Board. Accumulated Other Comprehensive Loss The components of Accumulated other comprehensive loss were as follows:
| Foreign Currency Translation Adjustments |  | Net Benefit Plan Adjustments |  |  |  | Accumulated Other Comprehensive Loss
Balance at December 31, 2024 | $ | (264.7) |  |  | $ | 3.1 |  |  |  |  | $ | (261.6) |
Current year adjustments | 218.5 |  |  | 1.5 |  |  |  |  | 220.0 |
Tax effect of adjustments | — |  |  | (0.4) |  |  |  |  | (0.4) |
Balance at September 30, 2025 | $ | (46.2) |  |  | $ | 4.2 |  |  |  |  | $ | (42.0) |

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