Equity (Tables)

6 Months Ended

Jun. 30, 2026

Stockholders' Equity Note [Abstract]

The Company’s share repurchase activity is presented in the table below for the periods indicated.


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2026		2025		2026		2025
Number of shares repurchased (1)	3,630,175		659,883		6,940,428		960,628
Cash paid for repurchased shares (in thousands) (2)	$	547,117	$	274,483	$	1,081,754	$	437,155

(1)The average purchase price for repurchased shares was $148.93 and $417.99 for the three months ended June 30, 2026 and 2025, respectively, and $153.49 and $446.06 for the six months ended June 30, 2026 and 2025, respectively. The repurchased shares during the three and six months ended June 30, 2026 and 2025 included purchases for both open market purchases and stock-based compensation award settlements.

(2)The cash paid for repurchased shares during the six months ended June 30, 2026 excluded excise tax accrued and included $10.0 million of open market purchases with trade dates in December 2025 that settled in January 2026. The cash paid for repurchased shares during the three months ended June 30, 2026 excluded $11.3 million of open market purchases with trade dates in June 2026 that settled in July 2026 and excise tax accrued. The cash paid for repurchased shares during the six months ended June 30, 2025 included $10.0 million of open market purchases with trade dates in December 2024 that settled in January 2025. The cash paid for repurchased shares during the three months ended June 30, 2025 excluded $6.0 million of open market purchases with trade dates in June 2025 that settled in July 2025 and excise tax accrued.

Schedule of The Changes in Accumulated Other Comprehensive Loss by Component (Net Of Tax)

The tables below provide information about the changes in AOCL by component and the related amounts reclassified out of AOCL to income during the periods indicated (net of tax, in thousands) (1).

Three Months Ended June 30, 2026


	Defined Benefit Pension Plans		Foreign Currency Translation Adjustments		Total
Balance – March 31, 2026	$	(6,131)	$	(38,924)	$	(45,055)
Other comprehensive income (loss) activity during the period:
Change in AOCL before reclassifications to income	—		(7,892)		(7,892)
Reclassifications from AOCL to income (2), (3)	117		411		528
Other comprehensive income (loss), net	117		(7,481)		(7,364)
Balance – June 30, 2026	$	(6,014)	$	(46,405)	$	(52,419)

Three Months Ended June 30, 2025


	Interest Rate Swaps		Defined Benefit Pension Plans		Foreign Currency Translation Adjustments		Total
Balance – March 31, 2025	$	(6,410)	$	(5,166)	$	(56,273)	$	(67,849)
Other comprehensive income (loss) activity during the period:
Change in AOCL before reclassifications to income	—		—		17,789		17,789
Reclassifications from AOCL to income (2), (4)	3,394		51		—		3,445
Other comprehensive income (loss), net	3,394		51		17,789		21,234
Balance – June 30, 2025	$	(3,016)	$	(5,115)	$	(38,484)	$	(46,615)


Six Months Ended June 30, 2026
	Defined Benefit Pension Plans		Foreign Currency Translation Adjustments		Total
Balance – December 31, 2025	$	(5,944)	$	(35,071)	$	(41,015)
Other comprehensive income (loss) activity during the period:
Change in AOCL before reclassifications to income	—		(11,745)		(11,745)
Reclassifications from AOCL to income (2), (3)	(70)		411		341
Other comprehensive income (loss), net	(70)		(11,334)		(11,404)
Balance – June 30, 2026	$	(6,014)	$	(46,405)	$	(52,419)


Six Months Ended June 30, 2025
	Interest Rate Swaps		Defined Benefit Pension Plans		Foreign Currency Translation Adjustments		Total
Balance – December 31, 2024	$	(9,800)	$	(5,214)	$	(73,319)	$	(88,333)
Other comprehensive income (loss) activity during the period:
Change in AOCL before reclassifications to income	—		—		34,835		34,835
Reclassifications from AOCL to income (2), (4)	6,784		99		—		6,883
Other comprehensive income (loss), net	6,784		99		34,835		41,718
Balance – June 30, 2025	$	(3,016)	$	(5,115)	$	(38,484)	$	(46,615)

(1)Amounts in parentheses represent debits (deferred losses).

(2)The reclassifications related to defined benefit pension plans were recorded in Other (expense) income, net.

(3)The reclassification related to foreign currency translation adjustments was recorded to Gain from sale of divested operation.

(4)$4.5 million and $8.9 million of the reclassifications related to interest rate swaps (cash flow hedges) were recorded in Interest expense, net, for the three and six months ended June 30, 2025, respectively. The swap contract matured in September 2025.