SUBSEQUENT EVENTS |
9 Months Ended |
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Sep. 30, 2026 | |
| Subsequent Events [Abstract] | |
| SUBSEQUENT EVENTS | SUBSEQUENT EVENTS Third Quarter 2026 Dividend Declaration On October 29, 2026, the board of directors of the Company approved an increase in the Company’s annual base dividend to $4.72 per share of common stock and declared a base cash dividend for the third quarter of 2026 of $1.18 per share of common stock, payable on November 19, 2026, to its stockholders of record at the close of business on November 12, 2026. Future dividends are at the discretion of the Company’s board of directors. Retirements of Notes During the fourth quarter of 2026, the Company (i) retired $698 million of its 3.250% Senior Notes due 2026 for total cash consideration of approximately $706 million, including accrued interest, and (ii) opportunistically repurchased an aggregate principal amount of approximately $195 million of its 5.750% Senior Notes due 2054 and 5.900% Senior Notes due 2064 for total cash consideration of $183 million, including accrued interest, at an average of 91.0% of par value. These repurchases resulted in an immaterial gain on extinguishment of debt during the fourth quarter.
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