v3.26.1
Net Income Per Share
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Net Income Per Share Net Income Per Share
The following table reconciles the shares used in the calculation of basic net income per share to those used for diluted net income per share:
Three Months Ended
June 30,		Six Months Ended
June 30,
($ in millions)2026202520262025
Net income$154.0 $131.8 $292.8 $221.6 
Weighted average common shares outstanding70.8 72.2 71.4 72.3 
Dilutive effect of equity awards, based on the treasury stock method
0.5 0.3 0.5 0.5 
Weighted average shares assuming dilution71.3 72.5 71.9 72.8 
During the three months ended June 30, 2026 and 2025, there were 0.3 million and 0.4 million shares, respectively, from stock-based compensation plans not included in the computation of diluted net income per share because their impact was antidilutive. There were 0.3 million and 0.4 million antidilutive shares outstanding during the six months ended June 30, 2026 and 2025, respectively.
In February 2023, the Board of Directors approved a share repurchase program under which the Company was able repurchase up to $1.0 billion in shares of common stock. This program was completed during January 2025.
In December 2024, the Board of Directors approved a share repurchase program under which the Company was able to repurchase up to 550,000 shares of common stock. This program was completed during April 2025.
In February 2026, the Company’s Board of Directors authorized a new share repurchase program for the purchase of up to $1.0 billion of the Company’s common stock in open-market transactions, block transactions, through derivative transactions, privately negotiated transactions, or otherwise, including pursuant to any trading plan entered into by the Company under Rule 10b5-1 of the Exchange Act. The number of shares to be repurchased and the timing of any repurchases will depend on factors such as the stock price, economic and market conditions, and corporate and regulatory requirements. This share repurchase program has no expiration date and it may be suspended or terminated at any time.
The following table summarizes the details of the Company's repurchases of common stock under these programs:
Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
Shares repurchased538,591 2,312 1,760,610 552,593 
Total cost of repurchases ($ in millions)$156.7 $0.5 $454.3 $134.0 
Average price per repurchased share$290.82 $222.56 $258.03 $242.55