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Stockholders’ Equity (Tables) | 12 Months Ended
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Dec. 31, 2025
Equity [Abstract] |
Schedule of Cash Dividends Paid | The following table shows our total cash dividends paid in the years ended December 31, 2025, 2024, and 2023:
(In millions, except per share amounts) |  | Total Cash Dividends Paid |  | Total Cash Dividends Paid per Common Share
2023 |  | $ | 117.9 |  |  | $ | 0.80 |
2024 |  | 117.9 |  |  | 0.80 |
2025 |  | 119.1 |  |  | 0.80 |
Schedule of Changes in Common Stock and Common Stock in Treasury | The following is a summary of changes in shares of our common stock and common stock in treasury:
|  | December 31,
|  | 2025 |  | 2024 |  | 2023
Changes in common stock: |  |  |  |  |  |
Number of shares, beginning of year |  | 154,610,375 |  |  | 154,054,011 |  |  | 233,233,456 |
Shares issued for vested restricted stock units |  | 633,151 |  |  | 397,034 |  |  | 466,634 |
Shares issued for 2020 three-year PSU awards |  | — |  |  | — |  |  | 273,438 |
Shares issued for 2021 three-year PSU awards |  | — |  |  | 96,595 |  |  | — |
Shares issued for 2022 three-year PSU awards |  | 27,052 |  |  | — |  |  | — |
Shares issued for other performance-based awards |  | — |  |  | — |  |  | 6,839 |
Shares issued for stock leverage opportunity awards (SLO) |  | — |  |  | 31,427 |  |  | 40,200 |
Shares granted and issued under the Omnibus Incentive Plan and Directors Stock Plan to Directors |  | 36,543 |  |  | 31,308 |  |  | 33,444 |
Shares canceled and retired |  | — |  |  | — |  |  | (80,000,000) |
Number of shares issued, end of year |  | 155,307,121 |  |  | 154,610,375 |  |  | 154,054,011 |
Changes in common stock in treasury: |  |  |  |  |  |
Number of shares held, beginning of year |  | 8,878,702 |  |  | 9,586,292 |  |  | 88,561,343 |
Shares canceled and retired |  | — |  |  | — |  |  | (80,000,000) |
Repurchase of common stock |  | — |  |  | — |  |  | 1,529,575 |
Profit sharing contribution paid in stock |  | (824,393) |  |  | (707,590) |  |  | (504,626) |
Number of shares held, end of year |  | 8,054,309 |  |  | 8,878,702 |  |  | 9,586,292 |
Number of common stock outstanding, end of year |  | 147,252,812 |  |  | 145,731,673 |  |  | 144,467,719 |
Schedule of Changes in Common Shares Available for Awards under Omnibus Plan and Predecessor Plans | A summary of the changes in common shares available for awards under the Omnibus Incentive Plan and Predecessor Plans follows:
|  | December 31,
|  | 2025 |  | 2024 |  | 2023
Number of shares available, beginning of year |  | 4,423,816 |  |  | 4,354,974 |  |  | 5,089,324 |
Newly approved shares under Omnibus Incentive Plan |  | — |  |  | 1,138,896 |  |  | — |
Restricted stock units awarded |  | (1,251,931) |  |  | (1,524,357) |  |  | (804,175) |
Restricted stock units forfeited |  | 464,681 |  |  | 355,322 |  |  | 151,671 |
Shares issued for 2020 three-year PSU awards |  | — |  |  | — |  |  | (273,438) |
Shares issued for 2021 three-year PSU awards |  | — |  |  | (96,595) |  |  | — |
Shares issued for 2022 three-year PSU awards |  | (27,052) |  |  | — |  |  | — |
Shares issued for other performance-based awards |  | — |  |  | — |  |  | (6,839) |
Restricted stock units awarded for SLO awards |  | — |  |  | — |  |  | (32,330) |
Restricted stock units forfeited related to SLO program |  | — |  |  | 14,017 |  |  | — |
Director shares granted and issued |  | (27,747) |  |  | (19,789) |  |  | (21,341) |
Director units granted and deferred(1) |  | (12,162) |  |  | (20,793) |  |  | (18,352) |
Shares withheld for taxes(2) |  | 372,240 |  |  | 222,141 |  |  | 270,454 |
Number of shares available, end of year(3) |  | 3,941,845 |  |  | 4,423,816 |  |  | 4,354,974 |
(1)Director units granted and deferred include the impact of share-settled dividends earned and deferred on deferred shares. (2)The Omnibus Incentive Plan and 2005 Contingent Stock Plan permit withholding of taxes and other charges that may be required by law to be paid attributable to awards by withholding a portion of the shares attributable to such awards. (3)The above table excludes approximately 0.6 million contingently issuable shares under PSU awards, which represents the maximum number of shares that could be issued under those awards as of December 31, 2025.
Schedule of Company's Pre-tax Share-based Incentive Compensation Expense and Income Tax Benefit | The following table summarizes the Company’s pre-tax share-based incentive compensation expense and related income tax benefit for the years ended December 31, 2025, 2024, and 2023 related to the Company’s PSU awards, SLO awards and restricted stock awards:
(In millions) |  | 2025 |  | 2024 |  | 2023
Total share-based incentive compensation expense(1) |  | $ | 41.1 |  |  | $ | 33.0 |  |  | $ | 34.2 |
Associated tax benefits recognized |  | $ | 7.4 |  |  | $ | 6.7 |  |  | $ | 7.5 |
(1) Amounts do not include expense related to our U.S. profit sharing contributions made in the form of our common stock, as these contributions are not considered share-based incentive compensation.
Schedule of Unvested Restricted Stock and Restricted Stock Unit | The following table summarizes activity for unvested restricted stock units for 2025:
|  | Restricted stock units
|  | Shares |  | Weighted-Average per Share Fair Value on Grant Date |  | Aggregate Intrinsic Value (In millions)
Non-vested at December 31, 2024 |  | 1,902,428 |  |  | $ | 39.21 |  |  |
Granted |  | 1,251,931 |  |  | $ | 32.93 |  |  |
Vested |  | (1,005,391) |  |  | $ | 39.39 |  |  | $ | 39.6 |
Forfeited or expired |  | (464,681) |  |  | $ | 36.01 |  |  |
Non-vested at December 31, 2025 |  | 1,684,287 |  |  | $ | 34.75 |  |  |
Schedule of Fair Value of Vested Restricted Stock | A summary of the Company’s fair values of its vested restricted stock units are shown in the following table:
|  | December 31,
(In millions) |  | 2025 |  | 2024 |  | 2023
Fair value of restricted stock units vested |  | $ | 35.3 |  |  | $ | 20.6 |  |  | $ | 33.6 |
Schedule of Unrecognized Compensation Cost | Unrecognized compensation cost and the weighted average period over which the compensation cost is expected to be recognized for its non-vested restricted stock units are shown in the following table:
(In millions) |  | Unrecognized Compensation Cost |  | Weighted Average to be recognized (in years)
Restricted Stock units |  | $ | 36.0 |  |  | 1.1
A summary of the Company’s unrecognized compensation cost for PSU awards at the current estimated earned payout based on the probable outcome of the performance condition and weighted average periods over which the compensation cost is expected to be recognized as shown in the following table:
(In millions) |  | Unrecognized Compensation Costs |  | Weighted Average to be recognized (in years)
2025 Three-year PSU Awards |  | 5.1 |  |  | 2
2024 Three-year PSU Awards |  | 1.2 |  |  | 1
2023 Three-year PSU Awards |  | — |  |  | 0
Schedule of Number of Performance Stock Units Granted Based on Relative TSR, Adjusted EBITDA Margin and ROIC |
|  | Adjusted EBITDA CAGR |  | ROIC
February 21, 2023 grant date |  |  |  |
Number of units granted |  | 93,343 |  |  | 93,343 |
Fair value on grant date (per unit) |  | $ | 48.46 |  |  | $ | 48.46 |
March 1, 2023 grant date |  |  |  |
Number of units granted |  | 22,963 |  |  | 22,963 |
Fair value on grant date (per unit) |  | $ | 49.05 |  |  | $ | 49.05 |
The total number of shares to be issued, including the modifier, for these awards can range from zero to 250% of the target number of shares.
|  | Adjusted EBITDA CAGR |  | ROIC
February 21, 2024 grant date |  |  |  |
Number of units granted |  | 50,340 |  |  | 50,340 |
Fair value on grant date (per unit) |  | $ | 41.09 |  |  | $ | 41.09 |
March 1, 2024 grant date |  |  |  |
Number of units granted |  | 22,692 |  |  | 22,692 |
Fair value on grant date (per unit) |  | $ | 39.49 |  |  | $ | 39.49 |
June 5, 2024 grant date |  |  |  |
Number of units granted |  | 3,269 |  |  | 3,269 |
Fair value on grant date (per unit) |  | $ | 42.08 |  |  | $ | 42.08 |
July 1, 2024 grant date |  |  |  |
Number of units granted |  | 21,982 |  |  | 21,982 |
Fair value on grant date (per unit) |  | $ | 35.12 |  |  | $ | 35.12 |
September 9, 2024 grant date |  |  |  |
Number of units granted |  | 1,642 |  |  | 1,642 |
Fair value on grant date (per unit) |  | $ | 32.78 |  |  | $ | 32.78 |
The assumptions used to calculate the grant date fair values are shown in the following table:
|  | Expected price volatility |  | Risk-free interest rate
February 21, 2024 grant date |  | 31.7 | % |  | 4.4 | %
March 1, 2024 grant date |  | 31.9 | % |  | 4.3 | %
June 5, 2024 grant date |  | 33.4 | % |  | 4.5 | %
July 1, 2024 grant date |  | 33.5 | % |  | 4.6 | %
September 9, 2024 grant date |  | 34.0 | % |  | 3.6 | %
Schedule of Assumptions Used to Calculate Grant Date Fair Value | The assumptions used to calculate the grant date fair values are shown in the following table:
|  | Expected price volatility |  | Risk-free interest rate
February 21, 2023 grant date |  | 32.9 | % |  | 4.4 | %
March 1, 2023 grant date |  | 31.7 | % |  | 4.6 | %
Schedule of Activity for Outstanding Three-year PSU Awards | The following table summarizes activity for outstanding three-year PSU awards for 2025:
|  | Shares |  | Aggregate Intrinsic Value (In millions)
Outstanding at December 31, 2024 |  | 281,806 |  |  |
Granted(1) |  | 218,201 |  |  |
Performance adjustment(2) |  | (13,566) |  |  |
Converted |  | (40,752) |  |  | $ | 2.9 |
Forfeited or expired |  | (130,544) |  |  |
Outstanding at December 31, 2025 |  | 315,145 |  |  |
Fully vested at December 31, 2025 |  | 86,419 |  |  | $ | 3.9 |
(1)This represents the target number of performance units granted. Actual number of PSUs earned, if any, is dependent upon performance and may range from 0% to 250% of the target for three-year PSU awards. (2)Represents units unearned and not distributed below target for 2022 three-year PSUs awards.
Schedule of Activity for Non-Vested PSUs Awards | The total number of shares to be issued, including the modifier, for these awards can range from zero to 250% of the target number of shares.
|  | Adjusted EPS Growth |  | ROIC
February 18, 2025 grant date |  |  |  |
Number of units granted |  | 80,477 |  |  | 80,477 |
Fair value on grant date (per unit) |  | $ | 35.83 |  |  | $ | 35.83 |
March 3, 2025 grant date |  |  |  |
Number of units granted |  | 19,084 |  |  | 19,084 |
Fair value on grant date (per unit) |  | $ | 34.82 |  |  | $ | 34.82 |
March 31, 2025 grant date |  |  |  |
Number of units granted |  | 5,544 |  |  | 5,544 |
Fair value on grant date (per unit) |  | $ | 29.74 |  |  | $ | 29.74 |
August 25, 2025 grant date |  |  |  |
Number of units granted |  | 3,997 |  |  | 3,997 |
Fair value on grant date (per unit) |  | $ | 34.88 |  |  | $ | 34.88 |
The assumptions used to calculate the grant date fair value of the PSUs are shown in the following table:
| Expected price volatility | Risk-free interest rate
February 18, 2025 grant date | 32.3 | % | 4.3 | %
March 3, 2025 grant date | 32.7 | % | 3.9 | %
March 31, 2025 grant date | 32.5 | % | 3.9 | %
August 25, 2025 grant date | 33.9 | % | 3.7 | %
The following table summarizes activity for non-vested three-year PSU awards for 2025:
|  | Shares |  | Weighted-Average per Share Fair Value on Grant Date
Non-vested at December 31, 2024 |  | 168,039 |  |  | $ | 41.18 |
Granted |  | 218,201 |  |  | 33.08 |
Vested |  | (26,970) |  |  | 46.23 |
Forfeited or expired |  | (130,544) |  |  | 38.51 |
Non-vested at December 31, 2025 |  | 228,726 |  |  | $ | 35.18 |
Schedule of Fair Value for Vested PSU Awards | A summary of the Company’s fair value for its vested three-year PSU awards is shown in the following table:
(In millions) |  | 2025 |  | 2024 |  | 2023
Fair value of PSU awards vested |  | $ | 3.6 |  |  | $ | 3.8 |  |  | $ | 9.5 |

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