Annual report pursuant to Section 13 and 15(d)

Treasury Stock

v3.22.4
Treasury Stock
12 Months Ended
Dec. 31, 2022
Equity [Abstract]  
Treasury Stock Treasury Stock
The Company has executed share repurchases against authorizations approved by the Board of Directors in 2021 and 2022. In 2022, the Company repurchased $450.0 million of stock under these authorizations and as of December 31, 2022, the remaining authorization was $396.4 million.

Treasury stock activity for the years ended December 31, 2022, 2021 and 2020 was as follows:
(Shares in thousands) 2022 2021 2020
Balance as of January 1 25,605  24,663  22,969 
Compensation plans and other (343) (303) (263)
Share repurchases 5,911  1,245  1,957 
Balance as of December 31 31,173  25,605  24,663