XML 30 R19.htm IDEA: XBRL DOCUMENT v3.26.1
SHAREHOLDERS' EQUITY
 6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
SHAREHOLDERS' EQUITY SHAREHOLDERS’ EQUITY
Dividends
The following table summarizes the dividends declared and paid on common stock:
20262025
Cash
Dividend
Per Share		Total
Dividends
(in millions)		Cash
Dividend
Per Share		Total
Dividends
(in millions)
First Quarter$0.80 $197.1 $0.79 $200.4 
Second Quarter0.80 197.5 0.79 197.9 
Total$1.60 $394.6 $1.58 $398.3 
Treasury Stock
The Company acquires its common stock for general corporate purposes through its publicly announced share repurchase program. As of June 30, 2026, the Company had remaining authorization from its Board of Directors to purchase 24.0 million shares of its common stock. The table below summarizes the Company’s share repurchase activity:
Three Months EndedSix Months Ended
June 30,June 30,
2026202520262025
Treasury stock purchases (in millions)$1,261.4 $518.5 $1,837.0 $870.2 
Treasury stock purchases (in shares)4,000,000 1,450,000 5,600,000 2,450,000 
Average price per share$315.37 $357.57 $328.04 $355.17 
In June 2026, the Company entered into an accelerated share repurchase agreement (ASR) with a third-party financial institution to repurchase 2.5 million shares of the Company’s outstanding common stock. Settlement of the forward contract component of the ASR occurred subsequently in July 2026 resulting in a $34.3 million payment to be recorded to Other capital in accordance with the Derivatives and Hedging Topic of the ASC.
Other Capital
During the six months ended June 30, 2026, 442,640 stock options were exercised at a weighted average exercise price per share of $150.06. In addition, 345,932 restricted stock units vested during the same period.