The company announced that its board of directors increased the company’s common share repurchase authorization by $333M to $500M. Year-to-date 2024, the company repurchased 461,365 shares at an average price per common share of $298.49, for a total of $138M. Purchases may be made from time to time, based on market conditions, legal requirements, and other corporate considerations, in the open market or in privately negotiated transactions. The company expects that any repurchase of shares will be funded by cash from operations. Repurchased shares will be held in treasury.
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