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Stock Repurchases (Tables) | 9 Months Ended
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Sep. 30, 2024
Equity [Abstract] |
Schedule of Stock Repurchases | The following table summarizes our stock repurchases for the three and nine months ended September 30, 2024 and 2023:
(Dollars in millions) |  | For the Three Months Ended September 30,
|  | 2024 |  | 2023
Stock Repurchases |  | Number of Shares Repurchased |  | Cost (1) |  | Number of Shares Repurchased |  | Cost (1)
Open Market (2) |  | — |  |  | $ | — |  |  | 256,232 |  |  | $ | 126.3 |
Other (3) |  | 86 |  |  | — |  |  | — |  |  | — |
Total |  | 86 |  |  | $ | — |  |  | 256,232 |  |  | $ | 126.3 |
(Dollars in millions) |  | For the Nine Months Ended September 30,
|  | 2024 |  | 2023
Stock Repurchases |  | Number of Shares Repurchased |  | Cost (1) |  | Number of Shares Repurchased |  | Cost (1)
Open Market (2) |  | 459,437 |  |  | $ | 250.5 |  |  | 272,034 |  |  | $ | 133.9 |
Other (3) |  | 2,694 |  |  | 1.4 |  |  | 33,459 |  |  | 15.1 |
Total |  | 462,131 |  |  | $ | 251.9 |  |  | 305,493 |  |  | $ | 149.0 |
(1) Total cost of repurchases includes excise tax. (2) Represents repurchases under authorizations by the board of directors for the repurchase of shares by us from time to time in the open market through privately negotiated transactions, through block trades, pursuant to trading plans adopted in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934, or otherwise. On August 21, 2023, the board of directors authorized the repurchase of up to two million shares of our common stock in addition to the board’s prior authorizations. As of September 30, 2024, we had authorization to repurchase 1,346,570 shares of our common stock. (3) Represents shares of common stock released to us by team members as payment of tax withholdings upon the vesting of restricted stock units and the conversion of restricted stock units to common stock.

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- Definition Tabular disclosure of treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481520/505-30-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481520/505-30-50-3 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481520/505-30-50-4 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481549/505-30-45-1 + Details
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