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Common Stock Repurchase Programs (Tables)

6 Months Ended

Jun. 30, 2024

Equity [Abstract]

Accelerated Share Repurchase Agreements

The following table summarizes the information regarding repurchases of our common stock under the ASRs for the three and six months ended June 30, 2024 and 2023:

Agreement  Date						Repurchase  Program						Amount Paid (in millions)						Completion Date						Total Shares Received						Average Price per Share
Q4 2022						May 2021						$	200.0					Q1 2023						984,714						$	203.10
Q1 2023						May 2021						$	250.0					Q1 2023						805,908						$	310.21
Q4 2023						January 2023						$	250.0					Q1 2024						1,086,334						$	230.13

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- Definition

Tabular disclosure of accelerated share repurchase (ASR) programs. An ASR is a combination of transactions that permits an entity to purchase a targeted number of shares immediately with the final purchase price of those shares determined by an average market price over a fixed period of time. An accelerated share repurchase program is intended to combine the immediate share retirement benefits of a tender offer with the market impact and pricing benefits of a disciplined daily open market stock repurchase program. ASRs can be disclosed as part of stockholders' equity.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 30
-Name Accounting Standards Codification
-Section 25
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481138/505-30-25-5

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- References

No definition available.

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