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Shareholders' Equity
 9 Months Ended
Sep. 30, 2025
Shareholders' Equity [Abstract]  
Shareholders' Equity 11.SHAREHOLDERS’ EQUITY

Common Stock Equivalents

The Company has outstanding stock options, time-based restricted stock units (“RSUs”), and performance-based restricted stock units (“PSUs”) which were considered in the Company’s diluted earnings per share calculation (see Note 15).

Stock Repurchases

On April 27, 2025, the Company’s Board of Directors authorized a new $1.5 billion share repurchase plan, replacing the prior plan authorized on October 28, 2021 which had a remaining authorization of $81.8 million. This new plan authorizes the Company to purchase, from time to time, up to $1.5 billion of its outstanding Class A common stock through open market repurchases in compliance with Rule 10b-18 under the Exchange Act and/or in privately negotiated transactions at management’s discretion based on market and business conditions, applicable legal requirements and other factors. Shares repurchased will be retired. The new plan has no time deadline and will continue until otherwise modified or terminated by the Company’s Board of Directors at any time in its sole discretion. As of the date of this filing, the Company had $1.3 billion of authorization remaining under the new plan.

The following is a summary of the Company’s share repurchases:

For the three months

For the nine months

ended September 30,

ended September 30,

2025

2024

2025

2024

Total number of shares purchased (in millions) (1)

0.7

—

1.4

0.9

Average price per share (1)

$

206.13

$

—

$

208.61

$

213.85

Total purchase price (in millions) (1)

$

154.1

$

—

$

284.8

$

200.0

Subsequent to September 30, 2025, the Company made the following share repurchases:

Total number of shares purchased (in millions) (1)

0.2

Average price per share (1)

$

191.21

Total purchase price (in millions) (1)

$

40.2

(1)Amounts reflected are based on the trade date and may differ from the Consolidated Statements of Cash Flows which reflects share repurchases based on the settlement date.

Dividends

For the nine months ended September 30, 2025, the Company paid the following cash dividends:

Payable to Shareholders

of Record at the Close

Cash Paid

Aggregate Amount

Date Declared

of Business on

Per Share

Paid

Date Paid

February 23, 2025

March 13, 2025

$1.11

$122.3 million (1)

March 27, 2025

April 27, 2025

May 22, 2025

$1.11

$119.4 million

June 17, 2025

August 3, 2025

August 21, 2025

$1.11

$119.1 million

September 18, 2025

(1)Amount reflected includes the payment of $2.4 million in dividend equivalents.

Dividends paid in 2025 were ordinary taxable dividends.

Subsequent to September 30, 2025, the Company declared the following cash dividends:

Payable to Shareholders

Cash to

of Record at the Close

be Paid

Date Declared

of Business on

Per Share

Date to be Paid

November 2, 2025

November 13, 2025

$1.11

December 11, 2025