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Capital Stock | 6 Months Ended
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Jun. 30, 2026
Equity [Abstract] |
Capital Stock | Capital Stock Common Stock At June 30, 2026, we had 100 million shares of common stock authorized and 41.2 million shares issued and outstanding. Dividends We paid regular quarterly dividends on our common stock during the last two years. On April 29, 2026, the Board declared a regular quarterly dividend of $0.2550 per share payable on June 1, 2026, to shareholders of record on May 18, 2026. The payment of future dividends is at the discretion of the Board of Directors and is dependent on our future earnings, financial condition, shareholder equity levels, cash flow, business requirements and other factors. Preferred Stock At June 30, 2026, we had the authority to issue up to 2.0 million shares of preferred stock with a par value of $10 per share, and no shares were issued and outstanding. Share Repurchase Program In December 2025, our Board authorized a $750 million share repurchase program that expires on December 31, 2027 (the "2025 Repurchase Program"). Under the 2025 Share Repurchase Program, we are not obligated to repurchase any specific dollar amount or number of shares. The timing and volume of share repurchases may be executed at the discretion of management on an opportunistic basis, or pursuant to trading plans or other arrangements. Share repurchases under this program may be made in the open market, in privately negotiated transactions, or otherwise. In November 2023, our Board authorized a $500 million share repurchase program (the "2023 Repurchase Program"). Under the 2023 Repurchase Program, in 2025, we repurchased a total of 2,210,616 shares of our common stock for an aggregate of $209.4 million and an average price of $94.74 per share. These shares were retired upon repurchase. The 2023 Repurchase Program expired on December 31, 2025, with approximately $87 million remaining available. During the six months ended June 30, 2026, we repurchased a total of 241,321 shares of our common stock for an aggregate amount of $30.2 million and an average price of $125.12 per share under the 2025 Repurchase Program. These shares were retired upon repurchase. At June 30, 2026, $720 million remained available under the 2025 Repurchase Program. Shares Used to Calculate Earnings per Share
| Three Months Ended June 30, |  | Six Months Ended June 30,
(In millions) | 2026 |  | 2025 |  | 2026 |  | 2025
Weighted-average shares: |  |  |  |  |  |  |
Basic(a) | 41.4 |  |  | 42.3 |  |  | 41.3 |  |  | 42.7 |
Effect of dilutive stock awards and options | 0.1 |  |  | 0.1 |  |  | 0.2 |  |  | 0.3 |
Diluted | 41.5 |  |  | 42.4 |  |  | 41.5 |  |  | 43.0 |
Antidilutive stock awards and options excluded from denominator | 0.1 |  |  | — |  |  | 0.1 |  |  | — |
(a)We have deferred compensation plans for directors and certain of our employees. Some amounts owed to participants are denominated in common stock units. Each unit represents one share of common stock. The number of shares used to calculate basic earnings per share includes the weighted-average common stock units credited to employees and directors under the deferred compensation plans. Additionally, nonvested units containing only a service requirement are also included in the computation of basic weighted-average shares when the requisite service period has been completed. Accordingly, basic shares include weighted-average units of 0.1 million in the three months and 0.1 million in the six months ended June 30, 2026, and 0.2 million in the three months and 0.2 million in the six months ended June 30, 2025.

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