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Shareholders' Equity | 12 Months Ended
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Dec. 31, 2024
Stockholders' Equity Note [Abstract] |
Shareholders' Equity | Shareholders' Equity TREASURY STOCK Prior to November 15, 2024, shares we repurchased were held in treasury stock unless they were reissued under the discretion of our Board of Directors. As of November 15, 2024, we retired all shares of our treasury stock, which resulted in an adjustment to retained earnings equal to the cumulative amount of repurchase price paid in excess of par value for treasury stock held as of that date. Subsequent to the retirement of the treasury stock, all shares of our common stock that we repurchase are immediately retired. Going forward, the amount of repurchase price paid in excess of par value for repurchased shares will be recorded as an adjustment to retained earnings. SHARE REPURCHASE PROGRAMS Repurchases may be made from time to time on the open market (including through 10b5-1 plans) or through privately negotiated transactions. In 2024, we repurchased approximately 25.3 million shares of our common stock for $566.6 million, which included commissions. We may repurchase up to an additional $457.2 million of our common stock through December 31, 2026 under a share repurchase program approved by our Board of Directors in 2024. In the year to date period ended February 21, 2025 we repurchased approximately 5.8 million shares for $142.3 million, which included commissions. In 2023, we repurchased approximately 21.7 million shares for $340.6 million, which included commissions. CASH DIVIDENDS In the first and second quarters of 2024, we paid quarterly cash dividends of $0.115 per share to shareholders which totaled $63.3 million. In the third and fourth quarters of 2024, we paid quarterly cash dividends of $0.13 per share which totaled $67.8 million. On January 28, 2025, the Board of Directors declared a quarterly cash dividend to holders of the company's common stock of $0.13 per share payable on March 5, 2025, to shareholders of record at the close of business on February 18, 2025.

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