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Stock Repurchase Program (Tables)
9 Months Ended
Sep. 30, 2023
Equity [Abstract]  
Summary of Share Repurchase Activity and Remaining Authorized Repurchase Amounts

Stock repurchase activity under the May 2022 stock repurchase program during the three and nine months ended September 30, 2023 and 2022 (unaudited) was as follows:

 

Three Months Ended

 

Nine Months Ended

 

(millions, except for share and per share data)

 

September 30, 2023

 

 

September 30, 2022

 

September 30, 2023

 

 

September 30, 2022

 

Total number of shares repurchased

 

 

 

 

 

667,300

 

 

285,700

 

 

 

843,800

 

Average price paid per share

 

$

 

 

$

33.08

 

$

36.53

 

 

$

32.77

 

Total value of common stock repurchased

 

$

 

 

$

22.0

 

$

10.4

 

 

$

27.6

 

The remaining authorized repurchase amount under the May 2022 and February 2023 stock repurchase programs as of September 30, 2023 (unaudited), was as follows:

(millions)

 

September 30, 2023

 

Total authorized repurchase amount

 

$

120.0

 

Total value of shares repurchased

 

 

59.8

 

Total remaining authorized repurchase amount

 

$

60.2