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PREFERRED STOCK AND COMMON SHAREHOLDERS' EQUITY
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2023
Stockholders' Equity Note [Abstract]    
Changes in common shares issued and held in treasury
The changes in common shares issued are summarized below:
Issued and Outstanding
Common shares at December 31, 202288.2 
Shares issued under employee stock plans0.5 
Common shares at June 30, 202388.7 
  
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]
The components of accumulated other comprehensive earnings (loss) are as follows:
Foreign Currency Translation AdjustmentsNet Benefit Plan AdjustmentsAccumulated Other Comprehensive Earnings (Loss)
Balance as of December 31, 2022$(462.3)$(30.9)$(493.2)
Fortrea Holdings Inc. spin off231.6 6.4 238.0 
Current year adjustments99.8 12.5 112.3 
Pension settlement charge— (7.9)(7.9)
Amounts reclassified from accumulated other comprehensive income— (2.3)(2.3)
Tax effect of adjustments— (0.6)(0.6)
Balance as of June 30, 2023$(130.9)$(22.8)$(153.7)
  
Accumulated Other Comprehensive Income (Loss) [Line Items]    
Preferred Stock and Common Shareholders' Equity   PREFERRED STOCK AND COMMON SHAREHOLDERS’ EQUITYThe Company is authorized to issue up to 265.0 shares of common stock, par value $0.10 per share. The Company is authorized to issue up to 30.0 shares of preferred stock, par value $0.10 per share. There were no preferred shares outstanding as of June 30, 2023, and December 31, 2022.
The changes in common shares issued are summarized below:
Issued and Outstanding
Common shares at December 31, 202288.2 
Shares issued under employee stock plans0.5 
Common shares at June 30, 202388.7 
Share Repurchase Program
As of June 30, 2023, the Company had outstanding authorization from the board of directors to purchase up to $1,531.5 of the Company's common stock.
Dividends
For the six months ended June 30, 2023, the Company paid $129.0 in common stock dividends. On July 13, 2023, the Company announced a cash dividend of $0.72 per share of common stock for the third quarter, or approximately $64.8 in the aggregate. The dividend will be payable on September 8, 2023, to stockholders of record of all issued and outstanding shares of common stock as of the close of business on August 8, 2023. The declaration and payment of any future dividends will be at the discretion of the Company's board of directors.
Accumulated Other Comprehensive Earnings (Loss)
The components of accumulated other comprehensive earnings (loss) are as follows:
Foreign Currency Translation AdjustmentsNet Benefit Plan AdjustmentsAccumulated Other Comprehensive Earnings (Loss)
Balance as of December 31, 2022$(462.3)$(30.9)$(493.2)
Fortrea Holdings Inc. spin off231.6 6.4 238.0 
Current year adjustments99.8 12.5 112.3 
Pension settlement charge— (7.9)(7.9)
Amounts reclassified from accumulated other comprehensive income— (2.3)(2.3)
Tax effect of adjustments— (0.6)(0.6)
Balance as of June 30, 2023$(130.9)$(22.8)$(153.7)