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SHAREHOLDERS' EQUITY
6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
SHAREHOLDERS' EQUITY SHAREHOLDERS' EQUITY
The following table presents changes in common shares issued and outstanding:
  Three months ended June 30,Six months ended June 30,
  2026202520262025
Shares issued, balance at beginning of period176,580 176,580 176,580 176,580 
Shares issued —  — 
Total shares issued at end of period176,580 176,580 176,580 176,580 
Treasury shares, balance at beginning of period(102,643)(97,929)(102,445)(93,596)
Shares repurchased(978)(510)(1,772)(5,557)
Shares reissued 182 32 778 746 
Total treasury shares at end of period(103,439)(98,407)(103,439)(98,407)
Total shares outstanding73,141 78,173 73,141 78,173 
Treasury Shares
On September 17, 2025, the Company's Board of Directors approved a new share repurchase program for up to $400 million of the Company's common shares. The new share repurchase program is open-ended, allowing the Company to repurchase its shares from time to time in the open market or privately negotiated transactions, depending on market conditions. At June 30, 2026, remaining authorization under this plan was exhausted.
On February 26, 2026, the Company's Board of Directors approved a new share repurchase program for up to $300 million of the Company's common shares. The new share repurchase program supplements the existing share repurchase program, and is open-ended, allowing the Company to repurchase its shares from time to time in the open market or privately negotiated transactions, depending on market conditions. At June 30, 2026, remaining authorization under this plan was $263 million.
The following table presents common shares repurchased from shares held in Treasury:
  Three months ended June 30,Six months ended June 30,
  2026202520262025
Publicly announced programs:(1)
Total shares893 499 1,473 5,292 
Total cost$89,249 $49,990 $148,775 $489,982 
Average price per share(2)
$99.91 $100.25 $101.01 $92.59 
From employees:(3)
Total shares85 11 299 265 
Total cost$8,225 $1,100 $30,934 $25,614 
Average price per share(2)
$97.41 $101.78 $103.35 $96.79 
Total shares repurchased:
Total shares978 510 1,772 5,557 
Total cost$97,474 $51,090 $179,709 $515,596 
Average price per share(2)
$99.69 $100.28 $101.40 $92.79 
(1) Shares are repurchased pursuant to the Company's Board-authorized share repurchase programs.
(2) Calculated using whole numbers.
(3)  Shares are repurchased from employees to satisfy personal withholding tax liabilities that arise on the vesting of share-settled restricted stock units.
Dividends
The following table presents dividends declared and paid related to the Company's common and preferred shares:
Per share data
Dividends declaredDividends paid in period of declarationDividends paid in period following declaration
Three months ended June 30, 2026
   Common shares$0.44 $ $0.44 
   Series E preferred shares$34.38 $ $34.38 
Three months ended June 30, 2025
   Common shares$0.44 $— $0.44 
   Series E preferred shares$34.38 $— $34.38 
Six months ended June 30, 2026
   Common shares$0.88 $0.44 $0.44 
   Series E preferred shares
$68.75 $34.38 $34.38 
Six months ended June 30, 2025
   Common shares$0.88 $0.44 $0.44 
   Series E preferred shares$68.75 $34.38 $34.38