Shareholders' Equity

3 Months Ended

Mar. 31, 2023

Equity [Abstract]

Shareholders' Equity

Shareholders’ Equity

Share repurchases

In December 2020, the Board of Directors authorized the repurchase of our ordinary shares up to a maximum dollar limit of $750.0 million. The authorization expires on December 31, 2025. During the three months ended March 31, 2023, no ordinary shares were repurchased. As of March 31, 2023, we had $600.0 million available for share repurchases under this authorization.

Dividends payable

On February 20, 2023, the Board of Directors declared a quarterly cash dividend of $0.22, payable on May 5, 2023 to shareholders of record at the close of business on April 21, 2023. As a result, the balance of dividends payable included in Other current liabilities on our Condensed Consolidated Balance Sheets was $36.3 million at March 31, 2023, compared to $36.2 million at December 31, 2022.