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Shareholders' Equity | 6 Months Ended
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Jun. 30, 2025
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, and the amount of the repurchase price paid in excess of par value for repurchased shares is recorded as an adjustment to retained earnings. Share repurchase programs Repurchases of our common stock may be made from time to time on the open market (including through 10b5-1 plans) or through privately negotiated transactions. In the six months ended June 30, 2025, we repurchased 16.4 million shares for $405.0 million, inclusive of commissions. In 2024, we repurchased approximately 25.3 million shares of our common stock for $566.6 million, inclusive of commissions. As of June 30, 2025, we had remaining authorization to repurchase $802.2 million of our common stock under our existing share repurchase programs through December 31, 2027. Through July 25, 2025, we repurchased an additional 2.6 million shares for $68.0 million, inclusive of commissions. Cash dividends In the first half of 2025, we paid quarterly cash dividends of $0.13 per share which totaled $63.7 million. On July 24, 2025, the Board of Directors declared a quarterly cash dividend to the holders of the company’s common stock of $0.15 per share payable on August 21, 2025, to shareholders of record on August 7, 2025.

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