v3.25.2
Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($)
$ in Millions
Total
Common Stock [Member]
Additional Paid-In Capital [Member]
Retained Earnings [Member]
Accumulated Other Comprehensive (Loss) Income [Member]
Beginning Balance at Dec. 31, 2023 $ 2,472.0 $ 0.1 $ 2,195.0 $ 373.0 $ (96.0)
Beginning Balance, Shares at Dec. 31, 2023   66,900,000      
Net issuance under stock-based plans (9.0)   (9.0)    
Net issuance under stock-based plans, Shares   200,000      
Stock-based compensation 15.0   15.0    
Cash dividend (15.0)     (15.0)  
Comprehensive (loss) income (net of tax):          
Net income 15.0     15.0  
Other comprehensive (loss) income (54.0)       (54.0)
Ending Balance at Mar. 31, 2024 2,424.0 $ 0.1 2,201.0 373.0 (150.0)
Ending Balance, Shares at Mar. 31, 2024   67,100,000      
Beginning Balance at Dec. 31, 2023 $ 2,472.0 $ 0.1 2,195.0 373.0 (96.0)
Beginning Balance, Shares at Dec. 31, 2023   66,900,000      
Stock repurchase, shares 0        
Comprehensive (loss) income (net of tax):          
Net income $ 37.0        
Ending Balance at Jun. 30, 2024 2,233.0 $ 0.1 2,042.0 381.0 (190.0)
Ending Balance, Shares at Jun. 30, 2024   67,300,000      
Beginning Balance at Mar. 31, 2024 2,424.0 $ 0.1 2,201.0 373.0 (150.0)
Beginning Balance, Shares at Mar. 31, 2024   67,100,000      
Net issuance under stock-based plans (2.0)   (2.0)    
Net issuance under stock-based plans, Shares   200,000      
Stock-based compensation $ 11.0   11.0    
Stock repurchase, shares 0        
Purchase of capped calls related to Convertible Notes $ (167.0)   (167.0)    
Cash dividend (15.0)     (15.0)  
Comprehensive (loss) income (net of tax):          
Net income 23.0     23.0  
Other comprehensive (loss) income (40.0)       (40.0)
Ending Balance at Jun. 30, 2024 2,233.0 $ 0.1 2,042.0 381.0 (190.0)
Ending Balance, Shares at Jun. 30, 2024   67,300,000      
Beginning Balance at Dec. 31, 2024 2,322.0 $ 0.1 2,067.0 503.0 (248.0)
Beginning Balance, Shares at Dec. 31, 2024   67,400,000      
Net issuance under stock-based plans (5.0)   (5.0)    
Net issuance under stock-based plans, Shares   0      
Stock-based compensation 22.0   22.0    
Stock repurchase (45.0)   (17.0) (28.0)  
Stock repurchase, shares   (500,000)      
Cash dividend (15.0)     (15.0)  
Comprehensive (loss) income (net of tax):          
Net income 52.0     52.0  
Other comprehensive (loss) income 23.0       23.0
Ending Balance at Mar. 31, 2025 2,354.0 $ 0.1 2,067.0 512.0 (225.0)
Ending Balance, Shares at Mar. 31, 2025   66,900,000      
Beginning Balance at Dec. 31, 2024 2,322.0 $ 0.1 2,067.0 503.0 (248.0)
Beginning Balance, Shares at Dec. 31, 2024   67,400,000      
Stock repurchase $ (45.0)        
Stock repurchase, shares (500,000)        
Comprehensive (loss) income (net of tax):          
Net income $ 114.0        
Ending Balance at Jun. 30, 2025 2,553.0 $ 0.1 2,078.0 559.0 (84.0)
Ending Balance, Shares at Jun. 30, 2025   67,200,000      
Beginning Balance at Mar. 31, 2025 2,354.0 $ 0.1 2,067.0 512.0 (225.0)
Beginning Balance, Shares at Mar. 31, 2025   66,900,000      
Net issuance under stock-based plans 0.0   0.0    
Net issuance under stock-based plans, Shares   300,000      
Stock-based compensation $ 12.0   12.0    
Stock repurchase, shares 0        
Cash dividend $ (15.0)     (15.0)  
Comprehensive (loss) income (net of tax):          
Net income 62.0     62.0  
Other comprehensive (loss) income 141.0       141.0
Ending Balance at Jun. 30, 2025 $ 2,553.0 $ 0.1 $ 2,078.0 $ 559.0 $ (84.0)
Ending Balance, Shares at Jun. 30, 2025   67,200,000