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Shareholders' Equity (Tables)
12 Months Ended
Dec. 31, 2023
Shareholders' Equity [Abstract]  
Summary of Share Repurchases

For the year

ended December 31,

2023

2022

2021

Total number of shares purchased (in millions) (1)

0.5

1.3

1.9

Average price per share (1)

$

197.89

$

332.00

$

309.79

Total purchase price (in millions) (1)

$

100.0

$

431.6

$

582.5

(1)Amounts reflected are based on the trade date and differ from the Consolidated Statements of Cash Flows which reflects share repurchases based on the settlement date.

Schedule of Dividends Paid and Dividends Declared .

For the year ended December 31, 2023, the Company paid the following cash dividends:

Payable to Shareholders

of Record at the Close

Cash Paid

Aggregate Amount

Date Declared

of Business on

Per Share

Paid

Date Paid

February 20, 2023

March 10, 2023

$0.85

$93.9 million

March 24, 2023

April 30, 2023

May 26, 2023

$0.85

$92.1 million

June 21, 2023

July 30, 2023

August 24, 2023

$0.85

$92.1 million

September 20, 2023

November 1, 2023

November 16, 2023

$0.85

$91.8 million

December 14, 2023

Dividends paid in 2023 and 2022 were ordinary taxable dividends.

Subsequent to December 31, 2023, the Company declared the following cash dividends:

Payable to Shareholders

Cash to

of Record at the Close

be Paid

Date Declared

of Business on

Per Share

Date to be Paid

February 26, 2024

March 14, 2024

$0.98

March 28, 2024