Quarterly report [Sections 13 or 15(d)]

CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY AND ACCUMULATED OTHER COMPREHENSIVE LOSS

v3.26.1
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY AND ACCUMULATED OTHER COMPREHENSIVE LOSS - USD ($)
shares in Millions, $ in Millions
Total
Common Stock
Paid-In Capital
Retained Earnings
Accumulated Other Comprehensive Loss
Treasury Stock
Stock Held By Employee Benefits Trusts
Noncontrolling Interests
Foreign currency translation
Unrecognized prior service cost related to our pension and other postretirement benefit plans, net of accumulated tax of $1.0 million and $1.1 million at June 30, 2026 and December 31, 2025, respectively.
Cash flow hedging transactions, net of tax of $0.4 million and $0.5 million at June 30, 2026 and December 31, 2025, respectively.
Beginning Balance (in shares) at Dec. 31, 2024   124.0                  
Beginning Balance at Dec. 31, 2024 $ 4,814.4 $ 236.6 $ 1,915.2 $ 6,018.6 $ (722.7) $ (2,644.9) $ (5.9) $ 17.5      
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income 326.6     324.3       2.3      
Other comprehensive income 163.5       162.9     0.6      
Shares issued under stock and benefit plans, net of minimum tax withholdings (in shares)   0.3                  
Shares issued under stock and benefit plans, net of minimum tax withholdings 11.4   13.0     (1.6)          
Treasury stock purchased under share repurchase program, including brokerage commissions and excise taxes (in shares)   (0.5)                  
Treasury stock purchased under share repurchase program, including brokerage commissions and excise taxes (128.1)         (128.1)          
Cash dividends (111.0)     (111.0)              
Dividends paid to employee benefits trusts 0.5   0.5                
Stock-based compensation expense 46.6   46.6                
Dividends paid to noncontrolling interests (4.2)             (4.2)      
Ending Balance (in shares) at Jun. 30, 2025   123.8                  
Ending Balance at Jun. 30, 2025 5,119.7 $ 236.6 1,975.3 6,231.9 (559.8) (2,774.6) (5.9) 16.2      
Beginning Balance (in shares) at Mar. 31, 2025   124.2                  
Beginning Balance at Mar. 31, 2025 4,999.8 $ 236.6 1,953.0 6,103.0 (657.3) (2,648.2) (5.9) 18.6      
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income 192.7     191.3       1.4      
Other comprehensive income 97.9       97.5     0.4      
Shares issued under stock and benefit plans, net of minimum tax withholdings (in shares)   0.1                  
Shares issued under stock and benefit plans, net of minimum tax withholdings 10.6   8.9     1.7          
Treasury stock purchased under share repurchase program, including brokerage commissions and excise taxes (in shares)   0.5                  
Treasury stock purchased under share repurchase program, including brokerage commissions and excise taxes (128.1)         (128.1)          
Cash dividends (62.4)     (62.4)              
Dividends paid to employee benefits trusts 0.3   0.3                
Stock-based compensation expense 13.1   13.1                
Dividends paid to noncontrolling interests (4.2)             (4.2)      
Ending Balance (in shares) at Jun. 30, 2025   123.8                  
Ending Balance at Jun. 30, 2025 5,119.7 $ 236.6 1,975.3 6,231.9 (559.8) (2,774.6) (5.9) 16.2      
Beginning Balance (in shares) at Dec. 31, 2025   120.4                  
Beginning Balance at Dec. 31, 2025 4,623.8 $ 236.6 2,023.4 6,445.1 (517.1) (3,577.8) (5.9) 19.5 $ (513.0) $ (3.4) $ (0.7)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income 358.7     355.4       3.3      
Other comprehensive income 58.0       57.0     1.0      
Shares issued under stock and benefit plans, net of minimum tax withholdings (in shares)   0.3                  
Shares issued under stock and benefit plans, net of minimum tax withholdings 1.5   (1.9)     3.4          
Treasury stock purchased under share repurchase program, including brokerage commissions and excise taxes (in shares) [1]   (3.1)                  
Treasury stock purchased under share repurchase program, including brokerage commissions and excise taxes [1] (565.0)         (565.0)          
Cash dividends (134.2)     (134.2)              
Dividends paid to employee benefits trusts 0.7   0.7                
Stock-based compensation expense 60.5   60.5                
Dividends paid to noncontrolling interests (5.6)             (5.6)      
Ending Balance (in shares) at Jun. 30, 2026   117.6                  
Ending Balance at Jun. 30, 2026 4,398.4 $ 236.6 2,082.7 6,666.3 (460.1) (4,139.4) (5.9) 18.2 (456.2) (3.2) (0.7)
Beginning Balance (in shares) at Mar. 31, 2026   119.3                  
Beginning Balance at Mar. 31, 2026 4,562.4 $ 236.6 2,064.0 6,549.2 (462.2) (3,841.0) (5.9) 21.7      
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income 185.3     183.9       1.4      
Other comprehensive income 2.8       2.1     0.7      
Shares issued under stock and benefit plans, net of minimum tax withholdings (in shares)   0.1                  
Shares issued under stock and benefit plans, net of minimum tax withholdings 5.6   1.1     4.5          
Treasury stock purchased under share repurchase program, including brokerage commissions and excise taxes (in shares) [2]   (1.8)                  
Treasury stock purchased under share repurchase program, including brokerage commissions and excise taxes [2] (302.9)         (302.9)          
Cash dividends (66.8)     (66.8)              
Dividends paid to employee benefits trusts 0.4   0.4                
Stock-based compensation expense 17.2   17.2                
Dividends paid to noncontrolling interests (5.6)             (5.6)      
Ending Balance (in shares) at Jun. 30, 2026   117.6                  
Ending Balance at Jun. 30, 2026 $ 4,398.4 $ 236.6 $ 2,082.7 $ 6,666.3 $ (460.1) $ (4,139.4) $ (5.9) $ 18.2 $ (456.2) $ (3.2) $ (0.7)
[1] At June 30, 2026, approximately $1.5 billion was available for future purchases of common stock under our share repurchase authorization.
[2] At June 30, 2026, approximately $1.5 billion was available for future purchases of common stock under our share repurchase authorization.