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Equity
 6 Months Ended
Jun. 30, 2025
Stockholders' Equity Note [Abstract]  
Equity Equity
Share Repurchase Authorization

In 2015, the Company’s Board of Directors (the “Board”) authorized a share repurchase program to repurchase up to $1.2 billion of the Company’s common stock. The Board authorized incremental share repurchases of up to an aggregate additional $4.1 billion of the Company’s common stock from February 2021 to July 2024. As of June 30, 2025, $0.6 billion remained available under the share repurchase program. The Company may repurchase its common stock from time-to-time in amounts, at prices and in the manner that the Company deems appropriate, subject to the availability of stock, prevailing market conditions, the trading price of the stock, the Company’s financial performance and other conditions. Repurchases may be made through open market purchases (which may include repurchase plans designed to comply with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended), accelerated share repurchases, private transactions or other transactions and will be funded by cash on hand and borrowings. Repurchases may also be made from time-to-time in connection with the settlement of the Company’s stock-based compensation awards.

The Company’s share repurchase activity is presented in the table below for the periods indicated.
Three Months EndedSix Months Ended
 June 30,June 30,
 2025202420252024
Number of shares repurchased (1) 659,883 778,575 960,628 1,268,309 
Cash paid for repurchased shares (in thousands) (2)$274,483 $339,593 $437,155 $564,717 
(1)The average purchase price for repurchased shares was $417.99 and $442.60 for the three months ended June 30, 2025 and 2024, respectively, and $446.06 and $449.19 for the six months ended June 30, 2025 and 2024, respectively. The repurchased shares during the three and six months ended June 30, 2025 and 2024 included purchases for both open market purchases and stock-based compensation award settlements.
(2)The cash paid for repurchased shares during the six months ended June 30, 2025 included $10.0 million of open market purchases with trade dates in December 2024 that settled in January 2025. The cash paid for repurchased shares during the three months ended June 30, 2025 excluded $6.0 million of open market purchases with trade dates in June 2025 that settled in July 2025 and excise tax accrued. The cash paid for repurchased shares during the three months ended June 30, 2024 excluded $5.0 million of open market purchases with trade dates in June 2024 that settled in July 2024 and excise tax accrued.

Accumulated Other Comprehensive Loss, net (“AOCL”)

The tables below provide information about the changes in AOCL by component and the related amounts reclassified out of AOCL to income during the periods indicated (net of tax, in thousands) (1).

Three Months Ended June 30, 2025
 Interest Rate
Swaps 		Defined
Benefit
Pension Plans		Foreign
Currency
Translation
Adjustments		Total
Balance – March 31, 2025$(6,410)$(5,166)$(56,273)$(67,849)
Other comprehensive income (loss) activity during the period:  
Change in AOCL before reclassifications to income
— — 17,789 17,789 
Reclassifications from AOCL to income (2), (3)
3,394 51 — 3,445 
Other comprehensive income (loss), net3,394 51 17,789 21,234 
Balance – June 30, 2025$(3,016)$(5,115)$(38,484)$(46,615)

Three Months Ended June 30, 2024
 Interest Rate
Swaps 		Defined
Benefit
Pension Plans		Foreign
Currency
Translation
Adjustments		Total
Balance – March 31, 2024$(20,561)$(5,680)$(56,145)$(82,386)
Other comprehensive income (loss) activity during the period:
Change in AOCL before reclassifications to income
— — (2,967)(2,967)
Reclassifications from AOCL to income (2), (3)
3,649 51 — 3,700 
Other comprehensive income (loss), net3,649 51 (2,967)733 
Balance – June 30, 2024$(16,912)$(5,629)$(59,112)$(81,653)

Six Months Ended June 30, 2025
Interest Rate
Swaps		Defined
Benefit
Pension Plans		Foreign
Currency
Translation
Adjustments		Total
Balance – December 31, 2024$(9,800)$(5,214)$(73,319)$(88,333)
Other comprehensive income (loss) activity during the period:
Change in AOCL before reclassifications to income
— — 34,835 34,835 
Reclassifications from AOCL to income (2), (3)
6,784 99 — 6,883 
Other comprehensive income (loss), net6,784 99 34,835 41,718 
Balance – June 30, 2025$(3,016)$(5,115)$(38,484)$(46,615)
Six Months Ended June 30, 2024
Interest Rate
Swaps		Defined
Benefit
Pension Plans		Foreign
Currency
Translation
Adjustments		Total
Balance – December 31, 2023$(24,162)$(5,731)$(46,438)$(76,331)
Other comprehensive income (loss) activity during the period:
Change in AOCL before reclassifications to income
— — (12,674)(12,674)
Reclassifications from AOCL to income (2), (3)
7,250 102 — 7,352 
Other comprehensive income (loss), net7,250 102 (12,674)(5,322)
Balance – June 30, 2024$(16,912)$(5,629)$(59,112)$(81,653)
(1)Amounts in parentheses represent debits (deferred losses).
(2)$4.5 million and $4.9 million of the reclassifications related to interest rate swaps (cash flow hedges) were recorded in Interest expense, net, for the three months ended June 30, 2025 and 2024, respectively. $8.9 million and $9.7 million of the reclassifications related to interest rate swaps (cash flow hedges) were recorded in Interest expense, net, for the six months ended June 30, 2025 and 2024, respectively. See Note 7 — Debt and Note 10 — Derivatives and Hedging for information regarding the cash flow hedges.
(3)The reclassifications related to defined benefit pension plans were recorded in Other income, net.
The estimated net amount of the existing losses on the Company’s interest rate swaps that are reported in Accumulated other comprehensive loss, net at June 30, 2025 that is expected to be reclassified into earnings during the remainder of 2025 is $4.3 million.