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SHAREHOLDERS' EQUITY (Tables)
12 Months Ended
Dec. 31, 2024
Stockholders' Equity Note [Abstract]  
Summary of Common Shares Issued and Outstanding
The following table presents changes in common shares issued and outstanding:
Year ended December 31,202420232022
Shares issued, balance at beginning of year176,580 176,580 176,580 
Shares issued — — 
Total shares issued at end of year176,580 176,580 176,580 
Treasury shares, balance at beginning of year(91,294)(91,912)(91,806)
Shares repurchased(3,061)(398)(897)
Shares reissued 759 1,016 791 
Total treasury shares at end of year(93,596)(91,294)(91,912)
Total shares outstanding82,984 85,286 84,668 
Summary of Share Repurchases
The following table presents common shares repurchased from shares held in Treasury:
Year ended December 31,202420232022
In the open market: (1)
Total shares2,806 — 634 
Total cost$199,943 $— $34,987 
Average price per share(2)
$71.27 $— $55.22 
From employees:(3)
Total shares255 398 263 
Total cost$15,925 $23,596 $13,994 
Average price per share(2)
$62.45 $59.15 $53.13 
Total shares repurchased:
Total shares3,061 398 897 
Total cost$215,868 $23,596 $48,981 
Average price per share(2)
$70.53 $59.15 $54.61 
(1)    Shares were repurchased pursuant to the Company's Board-authorized share repurchase programs.
(2)    Calculated using whole numbers.
(3)    Shares are repurchased from employees to satisfy personal withholding tax liabilities that arise on the vesting of share-settled restricted stock units.
Summary of Dividends Declared and Paid
The following table presents dividends declared and paid related to the Company's common and preferred shares:
Per share data
Dividends declared Dividends paid in year of declarationDividends paid in year following declaration
Year ended December 31, 2024
Common shares$1.76 $1.32 $0.44 
Series E preferred shares$137.50 $103.13 $34.38 
Year ended December 31, 2023
Common shares$1.76 $1.32 $0.44 
Series E preferred shares$137.50 $103.13 $34.38 
Year ended December 31, 2022
  Common shares$1.73 $1.29 $0.44 
  Series E preferred shares$137.50 $103.13 $34.38