Stock Repurchases

9 Months Ended

Sep. 30, 2023

Equity [Abstract]

Stock Repurchases [Text Block]

STOCK REPURCHASES

The following table summarizes our stock repurchases for the three months ended March 31, 2024 and 2023:

(Dollars in millions)	For the Three Months Ended March 31,
	2024			2023
Stock Repurchases	Number of Shares Repurchased	Cost (1)		Number of Shares Repurchased	Cost (1)
Open Market (2)	349,256	$	189.9	—	$	—
Other (3)	2,112	1.2		33,035	14.9
Total	351,368	$	191.1	33,035	$	14.9

(1)    Total cost of repurchases includes excise tax.

(2)     Represents repurchases under authorizations by the board of directors for the repurchase of shares by us from time to time in the open market through privately negotiated transactions, through block trades, pursuant to trading plans adopted in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934, or otherwise. On August 21, 2023, the board of directors authorized the repurchase of up to two million shares of our common stock in addition to the board’s prior authorizations. As of March 31, 2024, we had authorization to repurchase 1,456,751 shares of our common stock.

(3)     Represents shares of common stock released to us by team members as payment of tax withholdings upon the vesting of restricted stock units and the conversion of restricted stock units to common stock.