XML 29 R18.htm IDEA: XBRL DOCUMENT
v3.24.3

SHAREHOLDERS' EQUITY | 9 Months Ended
--- | ---
Sep. 30, 2024
Equity [Abstract] |
SHAREHOLDERS' EQUITY | SHAREHOLDERS' EQUITY The following table presents changes in common shares issued and outstanding:
|  | Three months ended September 30, |  | Nine months ended September 30, |  |  |  |
|  | 2024 |  | 2023 |  | 2024 |  | 2023 |  |  |  |  |  |
| Shares issued, balance at beginning of period | 176,580 |  |  | 176,580 |  |  | 176,580 |  |  | 176,580 |  |  |  |  |  |  |
| Shares issued | — |  |  | — |  |  | — |  |  | — |  |  |  |  |  |  |
| Total shares issued at end of period | 176,580 |  |  | 176,580 |  |  | 176,580 |  |  | 176,580 |  |  |  |  |  |  |
| Treasury shares, balance at beginning of period | (92,401) |  |  | (91,364) |  |  | (91,294) |  |  | (91,912) |  |  |  |  |  |  |
| Shares repurchased | (542) |  |  | (7) |  |  | (2,368) |  |  | (289) |  |  |  |  |  |  |
| Shares reissued | 12 |  |  | 19 |  |  | 731 |  |  | 849 |  |  |  |  |  |  |
| Total treasury shares at end of period | (92,931) |  |  | (91,352) |  |  | (92,931) |  |  | (91,352) |  |  |  |  |  |  |
| Total shares outstanding | 83,649 |  |  | 85,228 |  |  | 83,649 |  |  | 85,228 |  |  |  |  |  |  |
Treasury Shares At June 30, 2024, authorization under the Company's share repurchase program approved in December 2023 was exhausted. On May 16, 2024, the Company's Board of Directors approved a new share repurchase program for up to $300 million of the Company's common shares. The new share repurchase program is open-ended, allowing the Company to repurchase its shares from time to time in the open market or privately negotiated transactions, depending on market conditions. The following table presents common shares repurchased from shares held in Treasury:
|  | Three months ended September 30, |  | Nine months ended September 30, |  |  |  |
|  | 2024 |  | 2023 |  | 2024 |  | 2023 |  |  |  |  |  |
| In the open market:(1) |  |  |  |  |  |  |  |  |  |  |  |  |
| Total shares | 537 |  |  | — |  |  | 2,125 |  |  | — |  |  |  |  |  |  |
| Total cost | $ | 39,918 |  |  | $ | — |  |  | $ | 139,886 |  |  | $ | — |  |  |  |  |  |  |
| Average price per share(2) | $ | 74.26 |  |  | $ | — |  |  | $ | 65.82 |  |  | $ | — |  |  |  |  |  |  |
| From employees:(3) |  |  |  |  |  |  |  |  |  |  |  |  |
| Total shares | 5 |  |  | 7 |  |  | 243 |  |  | 289 |  |  |  |  |  |  |
| Total cost | $ | 387 |  |  | $ | 373 |  |  | $ | 14,943 |  |  | $ | 17,424 |  |  |  |  |  |  |
| Average price per share(2) | $ | 77.65 |  |  | $ | 54.80 |  |  | $ | 61.49 |  |  | $ | 60.19 |  |  |  |  |  |  |
| Total shares repurchased: |  |  |  |  |  |  |  |  |  |  |  |  |
| Total shares | 542 |  |  | 7 |  |  | 2,368 |  |  | 289 |  |  |  |  |  |  |
| Total cost | $ | 40,305 |  |  | $ | 373 |  |  | $ | 154,829 |  |  | $ | 17,424 |  |  |  |  |  |  |
| Average price per share(2) | $ | 74.29 |  |  | $ | 54.80 |  |  | $ | 65.38 |  |  | $ | 60.19 |  |  |  |  |  |  |
(1) Shares are repurchased pursuant to the Company's Board-authorized share repurchase programs. (2) Calculated using whole numbers. (3) Shares are repurchased from employees to satisfy personal withholding tax liabilities that arise on the vesting of share-settled restricted stock units. Dividends The following table presents dividends declared and paid related to the Company's common and preferred shares:
|  | Per share data |
|  | Dividends declared |  | Dividends paid in period of declaration |  | Dividends paid in period following declaration |
| Three months ended September 30, 2024 |  |  |  |  |  |
| Common shares | $ | 0.44 |  |  | $ | — |  |  | $ | 0.44 |  |
| Series E preferred shares | $ | 34.38 |  |  | $ | — |  |  | $ | 34.38 |  |
| Three months ended September 30, 2023 |  |  |  |  |  |
| Common shares | $ | 0.44 |  |  | $ | — |  |  | $ | 0.44 |  |
| Series E preferred shares | $ | 34.38 |  |  | $ | — |  |  | $ | 34.38 |  |
| Nine months ended September 30, 2024 |  |  |  |  |  |
| Common shares | $ | 1.32 |  |  | $ | 0.88 |  |  | $ | 0.44 |  |
| Series E preferred shares | $ | 103.13 |  |  | $ | 68.75 |  |  | $ | 34.38 |  |
| Nine months ended September 30, 2023 |  |  |  |  |  |
| Common shares | $ | 1.32 |  |  | $ | 0.88 |  |  | $ | 0.44 |  |
| Series E preferred shares | $ | 103.13 |  |  | $ | 68.75 |  |  | $ | 34.38 |  |

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for equity. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-13 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-13 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-14 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 235 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477968/946-235-50-2 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 235 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477968/946-235-50-2 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478448/946-505-50-6 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480237/815-40-50-6 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/505/tableOfContent Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-13 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-13 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-13 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-14 Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-14 Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 16 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-16 Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 18 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-18 Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 18 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-18 Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 18 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-18 + Details
Name: | us-gaap_StockholdersEquityNoteDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration