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SHAREHOLDERS' EQUITY
 9 Months Ended
Sep. 30, 2026
Equity [Abstract]  
SHAREHOLDERS' EQUITY SHAREHOLDERS’ EQUITY
Dividends
The following table summarizes the dividends declared and paid on common stock:
20262025
Cash
Dividend
Per Share		Total
Dividends
(in millions)		Cash
Dividend
Per Share		Total
Dividends
(in millions)
First Quarter$0.80 $197.1 $0.79 $200.4 
Second Quarter0.80 197.5 0.79 197.9 
Third Quarter0.80 194.3 0.79 195.7 
Total$2.40 $588.9 $2.37 $594.0 
Treasury Stock
The Company acquires its common stock for general corporate purposes through its publicly announced share repurchase program. As of September 30, 2026, the Company had remaining authorization from its Board of Directors to purchase 22.5 million shares of its common stock. The table below summarizes the Company’s share repurchase activity:
Three Months EndedNine Months Ended
September 30,September 30,
2026202520262025
Treasury stock purchases (in millions)$520.1 $668.2 $2,357.1 $1,538.4 
Treasury stock purchases (in shares)1,500,000 2,000,000 7,100,000 4,450,000 
Average price per share$346.73 $334.10 $331.99 $345.70 
In June 2026, the Company entered into an accelerated share repurchase agreement (ASR) with a third-party financial institution to repurchase 2.5 million shares of the Company’s outstanding common stock. Settlement of the forward contract component of the ASR was finalized in July 2026 resulting in a $34.6 million payment recorded to Other capital in accordance with the Derivatives and Hedging Topic of the ASC.
In July 2025, the Company entered into an ASR with a third-party financial institution to repurchase 2.0 million shares of the Company’s outstanding common stock. Settlement of the forward contract component of the ASR occurred in September 2025 resulting in a $58.9 million payment recorded to Other capital in accordance with the Derivatives and Hedging Topic of the ASC.
Other Capital
During the nine months ended September 30, 2026, 771,521 stock options were exercised at a weighted average exercise price per share of $143.53. In addition, 346,580 restricted stock units vested during the same period.