Quarterly report [Sections 13 or 15(d)]

CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY AND ACCUMULATED OTHER COMPREHENSIVE LOSS

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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 September 30, 2026 and December 31, 2025, respectively.
Cash flow hedging transactions, net of tax of $0.4 million and $0.5 million at September 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 488.2     484.5       3.7      
Other comprehensive income 173.1       171.4     1.7      
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 24.7   23.3     1.4          
Treasury stock purchased under share repurchase program, including brokerage commissions and excise taxes (in shares)   (1.7)                  
Treasury stock purchased under share repurchase program, including brokerage commissions and excise taxes (430.9)         (430.9)          
Cash dividends (172.8)     (172.8)              
Dividends paid to employee benefits trusts 0.8   0.8                
Stock-based compensation expense 63.9   63.9                
Dividends paid to noncontrolling interests (4.2)             (4.2)      
Ending Balance (in shares) at Sep. 30, 2025   122.6                  
Ending Balance at Sep. 30, 2025 4,957.2 $ 236.6 2,003.2 6,330.3 (551.3) (3,074.4) (5.9) 18.7      
Beginning Balance (in shares) at Jun. 30, 2025   123.8                  
Beginning 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      
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income 161.6     160.2       1.4      
Other comprehensive income 9.6       8.5     1.1      
Shares issued under stock and benefit plans, net of minimum tax withholdings 13.4   10.4     3.0          
Treasury stock purchased under share repurchase program, including brokerage commissions and excise taxes (in shares)   (1.2)                  
Treasury stock purchased under share repurchase program, including brokerage commissions and excise taxes (302.8)         (302.8)          
Cash dividends (61.8)     (61.8)              
Dividends paid to employee benefits trusts 0.3   0.3                
Stock-based compensation expense 17.2   17.2                
Ending Balance (in shares) at Sep. 30, 2025   122.6                  
Ending Balance at Sep. 30, 2025 4,957.2 $ 236.6 2,003.2 6,330.3 (551.3) (3,074.4) (5.9) 18.7      
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 572.4     567.1       5.3      
Other comprehensive income 77.2       75.9     1.3      
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 8.2   1.7     6.5          
Treasury stock purchased under share repurchase program, including brokerage commissions and excise taxes (in shares) [1]   (3.6)                  
Treasury stock purchased under share repurchase program, including brokerage commissions and excise taxes [1] (657.8)         (657.8)          
Cash dividends (200.3)     (200.3)              
Dividends paid to employee benefits trusts 0.9   0.9                
Stock-based compensation expense 74.5   74.5                
Dividends paid to noncontrolling interests (5.6)             (5.6)      
Ending Balance (in shares) at Sep. 30, 2026   117.1                  
Ending Balance at Sep. 30, 2026 4,493.3 $ 236.6 2,100.5 6,811.9 (441.2) (4,229.1) (5.9) 20.5 (437.5) (3.0) (0.7)
Beginning Balance (in shares) at Jun. 30, 2026   117.6                  
Beginning 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      
Increase (Decrease) in Stockholders' Equity [Roll Forward]                      
Net income 213.7     211.7       2.0      
Other comprehensive income 19.2       18.9     0.3      
Shares issued under stock and benefit plans, net of minimum tax withholdings 6.6   3.5     3.1          
Treasury stock purchased under share repurchase program, including brokerage commissions and excise taxes (in shares) [2]   (0.5)                  
Treasury stock purchased under share repurchase program, including brokerage commissions and excise taxes [2] (92.8)         (92.8)          
Cash dividends (66.1)     (66.1)              
Dividends paid to employee benefits trusts 0.3   0.3                
Stock-based compensation expense 14.0   14.0                
Ending Balance (in shares) at Sep. 30, 2026   117.1                  
Ending Balance at Sep. 30, 2026 $ 4,493.3 $ 236.6 $ 2,100.5 $ 6,811.9 $ (441.2) $ (4,229.1) $ (5.9) $ 20.5 $ (437.5) $ (3.0) $ (0.7)
[1] At September 30, 2026, approximately $1.4 billion was available for future purchases of common stock under our share repurchase authorization.
[2] At September 30, 2026, approximately $1.4 billion was available for future purchases of common stock under our share repurchase authorization.