Shareholders' Equity

9 Months Ended

Sep. 30, 2024

Equity [Abstract]

Shareholders' Equity

Shareholders’ Equity

Share repurchases

In December 2020, the Board of Directors authorized the repurchase of our ordinary shares up to a maximum dollar limit of $750.0 million. The authorization expires on December 31, 2025. During the nine months ended September 30, 2024, we repurchased 1.2 million of our ordinary shares for $100.0 million. As of September 30, 2024, we had $500.0 million available for share repurchases under this authorization.

Dividends payable

On September 23, 2024, the Board of Directors declared a quarterly cash dividend of $0.23 per share, payable on November 1, 2024 to shareholders of record at the close of business on October 18, 2024. As a result, the balance of dividends payable included in Other current liabilities on our Condensed Consolidated Balance Sheets was $38.0 million at both September 30, 2024 and December 31, 2023, respectively.