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Equity (Tables)

6 Months Ended

Jun. 30, 2025

Stockholders' Equity Note [Abstract]

Schedule Of Share Repurchase Activity

The Company’s share repurchase activity is presented in the table below for the periods indicated.

						Three Months Ended												Six Months Ended
						June 30,												June 30,
						2025						2024						2025						2024
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.

Schedule Of The Changes In Accumulated Other Comprehensive Loss By Component (Net Of Tax)

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), net						3,394						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), net						3,649						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), net						6,784						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), net						7,250						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.

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