v3.26.1
CONSOLIDATED STATEMENTS OF CHANGES IN OWNERS' EQUITY (Unaudited) - USD ($)
$ in Millions
Total
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings (Accumulated Deficit) [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Treasury Stock [Member]
Noncontrolling Interests [Member]
Balance at Dec. 31, 2024 $ 4,418.2 $ 0.2 $ 3,089.1 $ 1,190.0 $ 27.5 $ (1,714.4) $ 1,825.8
Balance (in shares) at Dec. 31, 2024   217,764,000          
Balance (in shares) at Dec. 31, 2024           24,000,000  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Compensation on equity grants 34.7   34.7        
Dividend equivalent rights (1.4)     (1.4)      
Shares issued under compensation program (in shares)   568,000          
Shares tendered for tax withholding obligations (46.7)         $ (46.7)  
Shares tendered for tax withholding obligations (in shares)   (217,000)       217,000  
Repurchases of common stock $ (449.2)         $ (449.2)  
Repurchases of common stock (in shares) (2,606,262) (2,606,000)       2,606,000  
Excise tax on repurchases of common stock $ (3.7)         $ (3.7)  
Common stock dividends              
Common stock dividends (382.8)     (382.8)      
Distributions to noncontrolling interests (10.7)           (10.7)
Repurchase of noncontrolling interests, net of tax (1,779.7)   (70.5)       (1,709.2)
Other comprehensive income (loss) 15.7       15.7    
Net income (loss) 917.0     899.6     17.4
Balance at Jun. 30, 2025 2,711.4 $ 0.2 3,053.3 1,705.4 43.2 $ (2,214.0) 123.3
Balance (in shares) at Jun. 30, 2025   215,509,000          
Balance (in shares) at Jun. 30, 2025           26,823,000  
Balance at Mar. 31, 2025 2,572.7 $ 0.2 3,036.2 1,295.3 6.1 $ (1,886.3) 121.2
Balance (in shares) at Mar. 31, 2025   217,461,000          
Balance (in shares) at Mar. 31, 2025           24,867,000  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Compensation on equity grants 17.1   17.1        
Dividend equivalent rights (0.7)     (0.7)      
Shares issued under compensation program (in shares)   4,000          
Shares tendered for tax withholding obligations (0.2)         $ (0.2)  
Shares tendered for tax withholding obligations (in shares)   (1,000)       1,000  
Repurchases of common stock $ (324.3)         $ (324.3)  
Repurchases of common stock (in shares) (1,955,099) (1,955,000)       1,955,000  
Excise tax on repurchases of common stock $ (3.2)         $ (3.2)  
Common stock dividends              
Common stock dividends (218.3)     (218.3)      
Distributions to noncontrolling interests (6.0)           (6.0)
Other comprehensive income (loss) 37.1       37.1    
Net income (loss) 637.2     629.1     8.1
Balance at Jun. 30, 2025 2,711.4 $ 0.2 3,053.3 1,705.4 43.2 $ (2,214.0) 123.3
Balance (in shares) at Jun. 30, 2025   215,509,000          
Balance (in shares) at Jun. 30, 2025           26,823,000  
Balance at Dec. 31, 2025 $ 3,198.2 $ 0.2 3,088.1 2,294.4 113.8 $ (2,428.6) 130.3
Balance (in shares) at Dec. 31, 2025   214,662,000          
Balance (in shares) at Dec. 31, 2025 28,108,057         28,108,000  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Compensation on equity grants $ 41.2   41.2        
Dividend equivalent rights (2.2)     (2.2)      
Shares issued under compensation program (in shares)   476,000          
Shares tendered for tax withholding obligations (33.6)         $ (33.6)  
Shares tendered for tax withholding obligations (in shares)   (180,000)       180,000  
Repurchases of common stock $ (135.1)         $ (135.1)  
Repurchases of common stock (in shares) (535,903) (536,000)       536,000  
Excise tax on repurchases of common stock $ (0.9)         $ (0.9)  
Common stock dividends              
Common stock dividends (485.7)     (485.7)      
Distributions to noncontrolling interests (12.0)           (12.0)
Other comprehensive income (loss) (39.3)       (39.3)    
Net income (loss) 1,265.1     1,244.2     20.9
Balance at Jun. 30, 2026 $ 3,795.7 $ 0.2 3,129.3 3,050.7 74.5 $ (2,598.2) 139.2
Balance (in shares) at Jun. 30, 2026   214,422,000          
Balance (in shares) at Jun. 30, 2026 28,824,459         28,824,000  
Balance at Mar. 31, 2026 $ 3,269.0 $ 0.2 3,111.3 2,556.9 (14.7) $ (2,517.2) 132.5
Balance (in shares) at Mar. 31, 2026   214,730,000          
Balance (in shares) at Mar. 31, 2026           28,516,000  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Compensation on equity grants 18.0   18.0        
Dividend equivalent rights (1.1)     (1.1)      
Repurchases of common stock $ (80.1)         $ (80.1)  
Repurchases of common stock (in shares) (308,102) (308,000)       308,000  
Excise tax on repurchases of common stock $ (0.9)         $ (0.9)  
Common stock dividends              
Common stock dividends (269.7)     (269.7)      
Distributions to noncontrolling interests (6.4)           (6.4)
Other comprehensive income (loss) 89.2       89.2    
Net income (loss) 777.7     764.6     13.1
Balance at Jun. 30, 2026 $ 3,795.7 $ 0.2 $ 3,129.3 $ 3,050.7 $ 74.5 $ (2,598.2) $ 139.2
Balance (in shares) at Jun. 30, 2026   214,422,000          
Balance (in shares) at Jun. 30, 2026 28,824,459         28,824,000