v3.25.1
Treasury Stock Transactions (Details) - USD ($)
shares in Millions, $ in Millions
1 Months Ended 3 Months Ended 5 Months Ended 7 Months Ended
Feb. 28, 2025
[3]
Nov. 30, 2024
Mar. 31, 2024
Jan. 31, 2024
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Jul. 31, 2024
Nov. 01, 2024
Jan. 03, 2024
Equity, Class of Treasury Stock                    
Cost of Shares Repurchased [1]         $ 202.6 $ 123.0        
Number of Treasury Shares Repurchased         3.3 [2] 2.5        
Shares repurchased cost Commissions         $ 0.5        
Shares repurchases cost Excise Tax         2.1 $ 1.1        
November 2024 Accelerated Share Repurchase                    
Equity, Class of Treasury Stock                    
Number of Treasury Shares Repurchased 0.7 3.8                
Accelerated Share Repurchases, Settlement (Payment) or Receipt                 $ 321.0  
January 2024 Accelerated Share Repurchase                    
Equity, Class of Treasury Stock                    
Number of Treasury Shares Repurchased     0.5 1.6            
Accelerated Share Repurchases, Settlement (Payment) or Receipt                   $ 100.0
Repurchase Program Authorized in February 2025                    
Equity, Class of Treasury Stock                    
Authorized Amount of Treasury Share Repurchases Under Stock Repurchase Program         $ 1,000.0          
Repurchase Program Authorized in July 2024                    
Equity, Class of Treasury Stock                    
Expiration Date of Share Repurchase Program [4]         Mar. 31, 2025          
Authorized Amount of Treasury Share Repurchases Under Stock Repurchase Program [4]         $ 1,000.0          
Cost of Shares Repurchased [4]             $ 706.8      
Remaining Amount of Treasury Share Repurchases Authorized Under Stock Repurchase Program [4]         $ 0.0          
Repurchase Program Authorized in October 2023                    
Equity, Class of Treasury Stock                    
Expiration Date of Share Repurchase Program [5]         Jul. 31, 2024          
Authorized Amount of Treasury Share Repurchases Under Stock Repurchase Program [5]         $ 500.0          
Cost of Shares Repurchased [5]               $ 464.2    
Remaining Amount of Treasury Share Repurchases Authorized Under Stock Repurchase Program [5]         $ 0.0          
[1]
2Includes $0.5 million and a de minimis amount of commissions for the three months ended March 31, 2025 and 2024, respectively. Also includes $2.1 million and $1.1 million of excise taxes for the three months ended March 31, 2025 and 2024, respectively.
[2] 1For the three months ended March 31, 2025, includes 0.7 million shares related to the settlement of the November 2024 accelerated share repurchase agreement (ASR) which occurred in February 2025.
[3]
1The final price adjustment settlement, along with the delivery of the remaining shares, occurred in February 2025, resulting in the delivery to us of 0.7 million additional shares. As a result of the final settlement occurring subsequent to December 31, 2024, we recorded a decrease of $80.3 million to additional paid-in capital within stockholders' equity on our consolidated balance sheet for the value of the shares held back by the counterparty as of December 31, 2024, which was reclassified to treasury stock in the first quarter of 2025 in connection with the final settlement of the agreement.
[4] 1Concurrent with the announcement of the February 2025 repurchase program, we also announced the termination of the July 2024 program as of March 31, 2025, and all unused amounts under that program expired as of that date.
[5]
2Concurrent with the announcement of the July 2024 repurchase program, we also announced the termination of the October 2023 program as of July 31, 2024, and all unused amounts under that program expired as of that date.