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SHAREHOLDERS' EQUITY
 9 Months Ended
Sep. 30, 2024
Equity [Abstract]  
SHAREHOLDERS' EQUITY SHAREHOLDERS’ EQUITY
Dividends
The following table summarizes the dividends declared and paid on common stock:
20242023
Cash
Dividend
Per Share		Total
Dividends
(in millions)		Cash
Dividend
Per Share		Total
Dividends
(in millions)
First Quarter$0.715 $182.5 $0.605 $156.5 
Second Quarter0.715 178.6 0.605 156.3 
Third Quarter0.715 182.5 0.605 155.6 
Total$2.145 $543.6 $1.815 $468.4 
Treasury Stock
The Company acquires its common stock for general corporate purposes through its publicly announced share repurchase program. As of September 30, 2024, the Company had remaining authorization from its Board of Directors to purchase 35.3 million shares of its common stock. The table below summarizes share repurchases during the three and nine months ended September 30, 2024 and 2023:
Three Months EndedNine Months Ended
September 30,September 30,
2024202320242023
Treasury stock purchases (in millions)$448.7 $410.1 $1,428.6 $946.0 
Treasury stock purchases (in shares)1,250,000 1,500,000 4,350,000 3,800,000 
Average price per share$358.96 $273.45 $328.41 $248.96 
Other Activity
During the nine months ended September 30, 2024, 1,584,890 stock options were exercised at a weighted average price per share of $124.82. In addition, 120,973 restricted stock units vested during the same period.