Quarterly report [Sections 13 or 15(d)]

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY

v3.25.2
CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - 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
Beginning Balance (in shares) at Dec. 31, 2023   123.3            
Beginning Balance at Dec. 31, 2023 $ 4,552.4 $ 236.6 $ 1,761.3 $ 5,608.6 $ (431.2) $ (2,635.3) $ (5.9) $ 18.3
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 290.9     288.7       2.2
Other comprehensive income (loss) (113.4)       (113.1)     (0.3)
Shares issued under stock and benefit plans, net of minimum tax withholdings (in shares)   0.4            
Shares issued under stock and benefit plans, net of minimum tax withholdings 22.4   34.7     (12.3)    
Cash dividends (96.9)     (96.9)        
Dividends paid to employee benefits trusts 0.5   0.5          
Stock-based compensation expense 60.3   60.3          
Dividends paid to noncontrolling interests (3.4)             (3.4)
Ending Balance (in shares) at Jun. 30, 2024   123.7            
Ending Balance at Jun. 30, 2024 4,712.8 $ 236.6 1,856.8 5,800.4 (544.3) (2,647.6) (5.9) 16.8
Beginning Balance (in shares) at Mar. 31, 2024   123.6            
Beginning Balance at Mar. 31, 2024 4,580.6 $ 236.6 1,824.7 5,685.0 (526.5) (2,652.4) (5.9) 19.1
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 165.0     163.9       1.1
Other comprehensive income (loss) (18.2)       (17.8)     (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 17.7   12.9     4.8    
Cash dividends (48.5)     (48.5)        
Dividends paid to employee benefits trusts 0.2   0.2          
Stock-based compensation expense 19.0   19.0          
Dividends paid to noncontrolling interests (3.0)             (3.0)
Ending Balance (in shares) at Jun. 30, 2024   123.7            
Ending Balance at Jun. 30, 2024 4,712.8 $ 236.6 1,856.8 5,800.4 (544.3) (2,647.6) (5.9) 16.8
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 (loss) 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) [1]   (0.5)            
Treasury stock purchased under share repurchase program, including brokerage commissions and excise taxes [1] (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 (loss) 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) [2]   (0.5)            
Treasury stock purchased under share repurchase program, including brokerage commissions and excise taxes [2] (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
[1] At June 30, 2025, approximately $2.9 billion was available for future purchases of common stock under our share repurchase authorization.
[2] At June 30, 2025, approximately $2.9 billion was available for future purchases of common stock under our share repurchase authorization.