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Condensed Consolidated Statements of Stockholders’ Equity (Unaudited) - USD ($)
shares in Millions, $ in Millions
Total
Common Stock
Additional Paid-In Capital
Accumulated Other Comprehensive Loss
Retained Earnings
Treasury Stock
Balance at beginning (in shares) at Dec. 31, 2023   47.7        
Balance at the beginning of the period at Dec. 31, 2023 $ 2,829.0 $ 78.7 $ 553.8 $ (111.1) $ 5,634.0 $ (3,326.4)
Balance at beginning (in shares) at Dec. 31, 2023           30.9
Increase (Decrease) in Shareholders' Equity            
Net income 904.7       904.7  
Other comprehensive income (loss) (1.9)     (1.9)    
Dividends (81.8)       (81.8)  
Repurchases of common stock (in shares) [1]   (1.8)       1.8
Repurchases of common stock [1] (705.5)         $ (705.5)
Stock based compensation (in shares) [2]   0.5       (0.5)
Stock based compensation [2] 59.8   16.5     $ 43.3
Balance at ending (in shares) at Jun. 30, 2024   46.4        
Balance at the end of the period at Jun. 30, 2024 3,004.3 $ 78.7 570.3 (113.0) 6,456.9 $ (3,988.6)
Balance at ending (in shares) at Jun. 30, 2024           32.2
Balance at beginning (in shares) at Mar. 31, 2024   47.6        
Balance at the beginning of the period at Mar. 31, 2024 2,859.3 $ 78.7 562.8 (119.3) 5,784.8 $ (3,447.7)
Balance at beginning (in shares) at Mar. 31, 2024           31.0
Increase (Decrease) in Shareholders' Equity            
Net income 712.4       712.4  
Other comprehensive income (loss) 6.3     6.3    
Dividends (40.3)       (40.3)  
Repurchases of common stock (in shares) [1]   (1.3)       1.3
Repurchases of common stock [1] (555.0)         $ (555.0)
Stock based compensation (in shares) [2]   0.1       (0.1)
Stock based compensation [2] 21.6   7.5     $ 14.1
Balance at ending (in shares) at Jun. 30, 2024   46.4        
Balance at the end of the period at Jun. 30, 2024 $ 3,004.3 $ 78.7 570.3 (113.0) 6,456.9 $ (3,988.6)
Balance at ending (in shares) at Jun. 30, 2024           32.2
Balance at beginning (in shares) at Dec. 31, 2024 44.4 44.4        
Balance at the beginning of the period at Dec. 31, 2024 $ 2,463.3 $ 78.7 589.0 (110.1) 6,773.1 $ (4,867.4)
Balance at beginning (in shares) at Dec. 31, 2024 34.2         34.2
Increase (Decrease) in Shareholders' Equity            
Net income $ 399.1       399.1  
Other comprehensive income (loss) 37.9     37.9    
Dividends (88.4)       (88.4)  
Repurchases of common stock (in shares) [1]   (2.0)       2.0
Repurchases of common stock [1] (706.3)         $ (706.3)
Stock based compensation (in shares) [2]   0.2       (0.2)
Stock based compensation [2] $ 15.0   (3.4)     $ 18.4
Balance at ending (in shares) at Jun. 30, 2025 42.6 42.6        
Balance at the end of the period at Jun. 30, 2025 $ 2,120.6 $ 78.7 585.6 (72.2) 7,083.8 $ (5,555.3)
Balance at ending (in shares) at Jun. 30, 2025 36.0         36.0
Balance at beginning (in shares) at Mar. 31, 2025   43.3        
Balance at the beginning of the period at Mar. 31, 2025 $ 2,166.5 $ 78.7 586.5 (101.8) 6,871.1 $ (5,268.0)
Balance at beginning (in shares) at Mar. 31, 2025           35.3
Increase (Decrease) in Shareholders' Equity            
Net income 255.8       255.8  
Other comprehensive income (loss) 29.6     29.6    
Dividends (43.1)       (43.1)  
Repurchases of common stock (in shares) [1]   (0.8)       0.8
Repurchases of common stock [1] (302.6)         $ (302.6)
Stock based compensation (in shares) [2]   0.1       (0.1)
Stock based compensation [2] $ 14.4   (0.9)     $ 15.3
Balance at ending (in shares) at Jun. 30, 2025 42.6 42.6        
Balance at the end of the period at Jun. 30, 2025 $ 2,120.6 $ 78.7 $ 585.6 $ (72.2) $ 7,083.8 $ (5,555.3)
Balance at ending (in shares) at Jun. 30, 2025 36.0         36.0
[1] Repurchases of common stock include excise taxes on share repurchases.
[2]
(2)Stock-based compensation includes stock options exercised net of tax, restricted and performance shares vested, and shares issued and deferred associated with deferred compensation.