Shareholders' Equity (Narrative) (Details) - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 9 Months Ended | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2024 |
Sep. 30, 2023 |
Sep. 30, 2024 |
Sep. 30, 2023 |
Oct. 25, 2024 |
|||||||
| Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||||||
| Stock repurchase plan, authorized amount | $ 2,000,000 | $ 2,000,000 | |||||||||
| Stock Repurchased During Period, Value | $ 120,132 | $ 65,944 | $ 230,864 | $ 144,634 | |||||||
| Shareholders' Equity |
Since the inception of the Company's stock repurchase plan in 2004 through September 30, 2024, the Company's Board of Directors has authorized the repurchase of $2.0 billion of the Company's common stock, excluding excise tax. Shares of the Company's common stock may be purchased in the open market or through privately negotiated transactions, subject to market conditions, and generally settle subsequent to the trade date. The repurchase program does not obligate the Company to acquire any specific number of shares or to acquire shares over any specified period of time.
Under this program as of September 30, 2024, the Company had repurchased 37.0 million shares at an aggregate purchase price of $1,885.5 million and had $114.5 million remaining available, excluding excise tax. During the three and nine months ended September 30, 2024, the Company repurchased an aggregate of $120.1 million and $230.9 million, respectively, of common stock under this program, excluding excise tax.
In October 2024, the Company's Board of Directors approved a $600.0 million increase to the Company's share repurchase authorization, which does not obligate the Company to acquire any specific number of shares or to acquire shares over any specified period of time.
|
||||||||||
| Aggregate shares repurchased under stock repurchase plan | 37,000 | 37,000 | |||||||||
| Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased | 114,500 | 114,500 | |||||||||
| Stock repurchased to date, value | $ 1,885,500 | $ 1,885,500 | |||||||||
| Subsequent Event | |||||||||||
| Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||||||
| Stock repurchase plan, authorized amount | $ 600,000 | ||||||||||
| X | ||||||||||
- Definition Number of shares that have been repurchased to date under the program. No definition available.
|
| X | ||||||||||
- Definition Equity impact of the value of stock that has been repurchased to date and has not been retired and is not held in treasury. Some state laws may mandate the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock. No definition available.
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of stock repurchase plan authorized. No definition available.
|
| X | ||||||||||
- Definition The remaining number of shares authorized to be repurchased by an entity's Board of Directors under a stock repurchase plan. No definition available.
|
| X | ||||||||||
- Definition Equity impact of the value of stock that has been repurchased during the period and has not been retired and is not held in treasury. Some state laws may mandate the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The entire disclosure for equity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Details
|