v3.26.1
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Millions
Total
Common Stock
Additional Paid-In Capital
Accumulated Other Comprehensive Loss
Retained Earnings
Treasury Stock at Cost
Non- controlling Interests
Beginning balance at Dec. 31, 2024 $ 4,298.2 $ 0.6 $ 733.1 $ (163.6) $ 6,899.8 $ (4,124.6) $ 952.9
Increase (Decrease) in Stockholders' Equity              
Net income 235.1       156.6   78.5
Other comprehensive income (loss), net of tax 58.9     38.6     20.3
Share-based compensation 21.7   21.7        
Common stock issued under share-based incentive plans (41.2)   (47.0)     5.8  
Share repurchases, inclusive of excise tax (275.2)         (275.2)  
Dividends (0.5)       (0.5)    
Affiliate equity-related activities:              
Affiliate equity expense 22.3   3.8       18.5
Issuances 2.0   (2.0)       4.0
Purchases (38.6)   35.8       (74.4)
Changes in redemption value of Redeemable non-controlling interests (44.2)   (44.2)        
Transfers from (to) Redeemable non-controlling interests 53.0           53.0
Capital contributions and other (3.1)           (3.1)
Distributions to non-controlling interests (149.7)           (149.7)
Ending balance at Jun. 30, 2025 4,138.7 0.6 701.2 (125.0) 7,055.9 (4,394.0) 900.0
Beginning balance at Mar. 31, 2025 4,099.0 0.6 667.8 (175.7) 6,971.9 (4,276.4) 910.8
Increase (Decrease) in Stockholders' Equity              
Net income 135.9       84.3   51.6
Other comprehensive income (loss), net of tax 63.7     50.7     13.0
Share-based compensation 10.9   10.9        
Common stock issued under share-based incentive plans (16.9)   (0.1)     (16.8)  
Share repurchases, inclusive of excise tax (100.8)         (100.8)  
Dividends (0.3)       (0.3)    
Affiliate equity-related activities:              
Affiliate equity expense 11.7   2.5       9.2
Issuances (0.1)   (1.4)       1.3
Purchases (26.7)   47.5       (74.2)
Changes in redemption value of Redeemable non-controlling interests (26.0)   (26.0)        
Transfers from (to) Redeemable non-controlling interests 53.0           53.0
Capital contributions and other (2.0)           (2.0)
Distributions to non-controlling interests (62.7)           (62.7)
Ending balance at Jun. 30, 2025 4,138.7 0.6 701.2 (125.0) 7,055.9 (4,394.0) 900.0
Beginning balance at Dec. 31, 2025 4,175.3 0.6 616.1 (106.8) 7,615.4 (4,886.9) 936.9
Increase (Decrease) in Stockholders' Equity              
Net income 383.7       296.3   87.4
Other comprehensive income (loss), net of tax (27.2)     (22.2)     (5.0)
Share-based compensation 17.1   17.1        
Common stock issued under share-based incentive plans (45.8)   (35.8)     (10.0)  
Conversion premium on junior convertible securities 0.5   0.5        
Share repurchases, inclusive of excise tax (378.1)         (378.1)  
Dividends (0.5)       (0.5)    
Affiliate equity-related activities:              
Affiliate equity expense 23.7   5.4       18.3
Issuances 7.1   (8.7)       15.8
Purchases (19.6)   (15.8)       (3.8)
Changes in redemption value of Redeemable non-controlling interests (48.6)   (48.6)        
Capital contributions and other (5.4)           (5.4)
Distributions to non-controlling interests (146.3)           (146.3)
Affiliate transactions (2.2)           (2.2)
Ending balance at Jun. 30, 2026 3,933.7 0.6 530.2 (129.0) 7,911.2 (5,275.0) 895.7
Beginning balance at Mar. 31, 2026 3,983.9 0.6 554.7 (117.7) 7,725.5 (5,073.3) 894.1
Increase (Decrease) in Stockholders' Equity              
Net income 237.4       185.9   51.5
Other comprehensive income (loss), net of tax (11.8)     (11.3)     (0.5)
Share-based compensation 10.2   10.2        
Common stock issued under share-based incentive plans (11.1)   (0.4)     (10.7)  
Share repurchases, inclusive of excise tax (191.0)         (191.0)  
Dividends (0.2)       (0.2)    
Affiliate equity-related activities:              
Affiliate equity expense 13.4   3.5       9.9
Issuances 2.4   (7.3)       9.7
Purchases (9.1)   (6.6)       (2.5)
Changes in redemption value of Redeemable non-controlling interests (23.9)   (23.9)        
Capital contributions and other (2.1)           (2.1)
Distributions to non-controlling interests (62.2)           (62.2)
Affiliate transactions (2.2)           (2.2)
Ending balance at Jun. 30, 2026 $ 3,933.7 $ 0.6 $ 530.2 $ (129.0) $ 7,911.2 $ (5,275.0) $ 895.7