v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Millions
Total
Capital stock
Treasury stock
Additional paid-in capital
Accumulated deficit
Accumulated other comprehensive income (loss)
Beginning balance at Dec. 31, 2023 $ 1,771.0 $ 1,672.5 $ (80.1) $ 1,030.6 $ (851.8) $ (0.2) [1]
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issuance of capital stock 3.9 5.4   (1.5)    
Repurchase of capital stock for cancellation [2] (23.8) (9.4)   (14.4)    
Purchase of treasury stock for SBC plans [3] (94.1)   (94.1)      
SBC cash settlement (69.0)     (69.0)    
Stock-based compensation (SBC) 35.5   81.7 (46.2)    
Net earnings for the period 186.8       186.8  
Other comprehensive income (loss) (11.7)         (11.7) [1]
Ending balance at Jun. 30, 2024 1,798.6 1,668.5 (92.5) 899.5 (665.0) (11.9) [1]
Beginning balance at Mar. 31, 2024 1,709.3 1,671.5 (95.0) 896.8 (760.0) (4.0) [1]
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Repurchase of capital stock for cancellation (10.0) (3.0)   (7.0)    
Stock-based compensation (SBC) 12.2   2.5 9.7    
Net earnings for the period 95.0       95.0  
Other comprehensive income (loss) (7.9)         (7.9) [1]
Ending balance at Jun. 30, 2024 1,798.6 1,668.5 (92.5) 899.5 (665.0) (11.9) [1]
Beginning balance at Dec. 31, 2024 1,896.0 1,632.8 (92.9) 797.5 (423.8) (17.6) [4]
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issuance of capital stock 0.3 5.9   (5.6)    
Repurchase of capital stock for cancellation [5] (116.9) (17.2)   (99.7)    
Purchase of treasury stock for SBC plans (221.6)   (221.6)      
SBC cash settlement (156.0)     (156.0)    
Stock-based compensation (SBC) 42.2   112.3 (70.1)    
Net earnings for the period 297.2       297.2  
Other comprehensive income (loss) 16.7         16.7 [4]
Ending balance at Jun. 30, 2025 1,757.9 1,621.5 (202.2) 466.1 (126.6) (0.9) [4]
Beginning balance at Mar. 31, 2025 1,556.8 1,628.7 (205.6) 487.0 (337.6) (15.7) [4]
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Issuance of capital stock 0.3 0.8   (0.5)    
Repurchase of capital stock for cancellation [6] (40.7) (8.0)   (32.7)    
Stock-based compensation (SBC) 15.7   3.4 12.3    
Net earnings for the period 211.0       211.0  
Other comprehensive income (loss) 14.8         14.8 [4]
Ending balance at Jun. 30, 2025 $ 1,757.9 $ 1,621.5 $ (202.2) $ 466.1 $ (126.6) $ (0.9) [4]
[1] Accumulated other comprehensive income (loss) is net of tax (see note 10).
[2] Consists of $26.5 paid to repurchase common shares for cancellation during the first half of 2024, offset in part by the reversal of $2.7 accrued at December 31, 2023 for the estimated contractual maximum quantity of permitted common share repurchases (Contractual Maximum Quantity) under an automatic share purchase plan (ASPP) executed in December 2023 for such purpose (see note 9).
[3] Consists of $101.6 paid to repurchase common shares for delivery obligations under our SBC plans during the first half of 2024, offset in part by the reversal of $7.5 accrued at December 31, 2023 for the estimated Contractual Maximum Quantity under an ASPP executed in September 2023 for such purpose (see note 9).
[4] Accumulated other comprehensive income (loss) is net of tax (see note 10).
[5] Consists of $115.0 paid to repurchase common shares for cancellation during the first half of 2025 and accrued share buyback taxes (see note 9).
[6] Consists of $40.0 paid to repurchase common shares for cancellation during the second quarter of 2025 and accrued share buyback taxes (see note 9).