10-Q Filing

OLD DOMINION FREIGHT LINE, INC. CIK: 878927 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0000950170-23-038553`
Period End Date	20230630
Filing Date	20230804
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	odfl-20230630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 96 Cash Flow Statement 42 Stockholders Equity 36

Balance Sheet 78 line items

Line Item	Tag	Value	Unit	Period
Customer receivables, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$10.02M	USD	Point-in-time
Customer receivables, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$10.69M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.10	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	280.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$186.31M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$55.14M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	280.00M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	109.34M	shares	Point-in-time
Short-term investments	`ShortTermInvestments`	-	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	110.22M	shares	Point-in-time
Short-term investments	`ShortTermInvestments`	$49.35M	USD	Point-in-time
Customer receivables, less allowances of $10,016 and $10,689, respectively	`AccountsReceivableNetCurrent`	$578.65M	USD	Point-in-time
Customer receivables, less allowances of $10,016 and $10,689, respectively	`AccountsReceivableNetCurrent`	$543.77M	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$12.74M	USD	Point-in-time
Income taxes receivable	`IncomeTaxesReceivable`	$9.36M	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$13.74M	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$15.62M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$106.72M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$92.94M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$933.74M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$730.61M	USD	Point-in-time
Revenue equipment	`MachineryAndEquipmentGross`	$2.62B	USD	Point-in-time
Revenue equipment	`MachineryAndEquipmentGross`	$2.50B	USD	Point-in-time
Land and structures	`BuildingsLandAndImprovementsGross`	$2.75B	USD	Point-in-time
Land and structures	`BuildingsLandAndImprovementsGross`	$2.90B	USD	Point-in-time
Other fixed assets	`PropertyPlantAndEquipmentOther`	$613.38M	USD	Point-in-time
Other fixed assets	`PropertyPlantAndEquipmentOther`	$550.44M	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$14.43M	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$13.52M	USD	Point-in-time
Total property and equipment	`PropertyPlantAndEquipmentGross`	$5.82B	USD	Point-in-time
Total property and equipment	`PropertyPlantAndEquipmentGross`	$6.15B	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$2.15B	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$2.13B	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$3.69B	USD	Point-in-time
Net property and equipment	`PropertyPlantAndEquipmentNet`	$4.00B	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$247.22M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$217.80M	USD	Point-in-time
Total assets	`Assets`	$4.84B	USD	Point-in-time
Total assets	`Assets`	$4.98B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$96.66M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$106.28M	USD	Point-in-time
Compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$288.28M	USD	Point-in-time
Compensation and benefits	`EmployeeRelatedLiabilitiesCurrent`	$249.92M	USD	Point-in-time
Claims and insurance accruals	`SelfInsuranceReserveCurrent`	$63.31M	USD	Point-in-time
Claims and insurance accruals	`SelfInsuranceReserveCurrent`	$60.84M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$75.60M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$51.93M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$20.00M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$20.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$503.02M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$529.79M	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$79.96M	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$59.97M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$265.42M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$273.39M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$310.51M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$310.51M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$643.88M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$655.90M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.19B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.15B	USD	Point-in-time
Commitments and contingent liabilities	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingent liabilities	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock - $0.10 par value, 280,000,000 shares authorized, 109,337,474 and 110,222,819 shares outstanding at June 30, 2023 and December 31, 2022, respectively	`CommonStockValueOutstanding`	$11.02M	USD	Point-in-time
Common stock - $0.10 par value, 280,000,000 shares authorized, 109,337,474 and 110,222,819 shares outstanding at June 30, 2023 and December 31, 2022, respectively	`CommonStockValueOutstanding`	$10.93M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$239.04M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$244.59M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.58B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.40B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$3.75B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$3.65B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$3.56B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$3.68B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$3.50B	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$3.83B	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$4.84B	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$4.98B	USD	Point-in-time

Income Statement 96 line items

Line Item	Tag	Value	Unit	Period
Revenue from operations	`RevenueFromContractWithCustomerIncludingAssessedTax`	$1.41B	USD	1 Quarter
Revenue from operations	`RevenueFromContractWithCustomerIncludingAssessedTax`	$2.86B	USD	2 Qtrs
Revenue from operations	`RevenueFromContractWithCustomerIncludingAssessedTax`	$1.67B	USD	1 Quarter
Revenue from operations	`RevenueFromContractWithCustomerIncludingAssessedTax`	$3.16B	USD	2 Qtrs
Salaries, wages and benefits	`LaborAndRelatedExpense`	$642.84M	USD	1 Quarter
Salaries, wages and benefits	`LaborAndRelatedExpense`	$1.29B	USD	2 Qtrs
Salaries, wages and benefits	`LaborAndRelatedExpense`	$1.39B	USD	2 Qtrs
Salaries, wages and benefits	`LaborAndRelatedExpense`	$705.71M	USD	1 Quarter
Operating supplies and expenses	`OperatingCostsAndExpenses`	$236.71M	USD	1 Quarter
Operating supplies and expenses	`OperatingCostsAndExpenses`	$357.76M	USD	2 Qtrs
Operating supplies and expenses	`OperatingCostsAndExpenses`	$165.37M	USD	1 Quarter
Operating supplies and expenses	`OperatingCostsAndExpenses`	$428.07M	USD	2 Qtrs
General supplies and expenses	`OtherSellingAndGeneralExpense`	$39.12M	USD	1 Quarter
General supplies and expenses	`OtherSellingAndGeneralExpense`	$38.61M	USD	1 Quarter
General supplies and expenses	`OtherSellingAndGeneralExpense`	$78.15M	USD	2 Qtrs
General supplies and expenses	`OtherSellingAndGeneralExpense`	$74.63M	USD	2 Qtrs
Operating taxes and licenses	`DirectTaxesAndLicensesCosts`	$73.59M	USD	2 Qtrs
Operating taxes and licenses	`DirectTaxesAndLicensesCosts`	$70.03M	USD	2 Qtrs
Operating taxes and licenses	`DirectTaxesAndLicensesCosts`	$34.95M	USD	1 Quarter
Operating taxes and licenses	`DirectTaxesAndLicensesCosts`	$36.89M	USD	1 Quarter
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$33.07M	USD	2 Qtrs
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$15.38M	USD	1 Quarter
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$31.41M	USD	2 Qtrs
Insurance and claims	`OperatingInsuranceAndClaimsCostsProduction`	$16.96M	USD	1 Quarter
Communications and utilities	`DirectCommunicationsAndUtilitiesCosts`	$19.77M	USD	2 Qtrs
Communications and utilities	`DirectCommunicationsAndUtilitiesCosts`	$11.52M	USD	1 Quarter
Communications and utilities	`DirectCommunicationsAndUtilitiesCosts`	$9.90M	USD	1 Quarter
Communications and utilities	`DirectCommunicationsAndUtilitiesCosts`	$22.53M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$135.65M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$79.78M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$68.31M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$155.73M	USD	2 Qtrs
Purchased transportation	`PurchasedTransportation`	$28.60M	USD	1 Quarter
Purchased transportation	`PurchasedTransportation`	$42.68M	USD	1 Quarter
Purchased transportation	`PurchasedTransportation`	$59.21M	USD	2 Qtrs
Purchased transportation	`PurchasedTransportation`	$95.18M	USD	2 Qtrs
Miscellaneous expenses, net	`OtherCostAndExpenseOperating`	$2.61M	USD	1 Quarter
Miscellaneous expenses, net	`OtherCostAndExpenseOperating`	$7.38M	USD	2 Qtrs
Miscellaneous expenses, net	`OtherCostAndExpenseOperating`	$4.40M	USD	1 Quarter
Miscellaneous expenses, net	`OtherCostAndExpenseOperating`	$8.10M	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$1.02B	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$1.16B	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$2.08B	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$2.25B	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$508.70M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$774.64M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$914.32M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$391.59M	USD	1 Quarter
Interest expense	`InterestAndDebtExpense`	$213.00K	USD	1 Quarter
Interest expense	`InterestAndDebtExpense`	$89.00K	USD	1 Quarter
Interest expense	`InterestAndDebtExpense`	$289.00K	USD	2 Qtrs
Interest expense	`InterestAndDebtExpense`	$286.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeNet`	$471.00K	USD	1 Quarter
Interest income	`InvestmentIncomeNet`	$5.18M	USD	2 Qtrs
Interest income	`InvestmentIncomeNet`	$2.37M	USD	1 Quarter
Interest income	`InvestmentIncomeNet`	$600.00K	USD	2 Qtrs
Other expense, net	`OtherNonoperatingIncomeExpense`	$-1.35M	USD	2 Qtrs
Other expense, net	`OtherNonoperatingIncomeExpense`	$-1.95M	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-3.46M	USD	2 Qtrs
Other expense, net	`OtherNonoperatingIncomeExpense`	$-750.00K	USD	1 Quarter
Total non-operating (income) expense	`NonoperatingIncomeExpense`	$-492.00K	USD	1 Quarter
Total non-operating (income) expense	`NonoperatingIncomeExpense`	$-1.04M	USD	2 Qtrs
Total non-operating (income) expense	`NonoperatingIncomeExpense`	$1.43M	USD	2 Qtrs
Total non-operating (income) expense	`NonoperatingIncomeExpense`	$332.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$391.93M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$776.08M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$508.21M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$913.28M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$198.68M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$132.13M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$237.45M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$99.56M	USD	1 Quarter
Net income	`ProfitLoss`	$376.08M	USD	1 Quarter
Net income	`ProfitLoss`	$675.83M	USD	2 Qtrs
Net income	`ProfitLoss`	$577.40M	USD	2 Qtrs
Net income	`ProfitLoss`	$292.36M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$5.94	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$5.26	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$2.67	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$3.33	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$5.90	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$3.30	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$5.23	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$2.65	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	113.75M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	109.52M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	113.08M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	109.74M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	110.20M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	110.44M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	114.48M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	113.81M	shares	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.60	USD	2 Qtrs
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.80	USD	2 Qtrs
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.40	USD	1 Quarter
Dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.30	USD	1 Quarter

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$376.08M	USD	1 Quarter
Net income	`ProfitLoss`	$675.83M	USD	2 Qtrs
Net income	`ProfitLoss`	$577.40M	USD	2 Qtrs
Net income	`ProfitLoss`	$292.36M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortizationIncludingDebtIssuanceCosts`	$155.74M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortizationIncludingDebtIssuanceCosts`	$135.66M	USD	2 Qtrs
Gain on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$2.06M	USD	2 Qtrs
Gain on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$6.43M	USD	2 Qtrs
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$15.65M	USD	2 Qtrs
Other, net	`OtherOperatingActivitiesCashFlowStatement`	$14.87M	USD	2 Qtrs
Changes in operating assets and liabilities, net	`ChangesInOperatingAssetsAndLiabilitiesNet`	$-9.02M	USD	2 Qtrs
Changes in operating assets and liabilities, net	`ChangesInOperatingAssetsAndLiabilitiesNet`	$-38.37M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$703.21M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$816.05M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquireProductiveAssets`	$323.06M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquireProductiveAssets`	$479.40M	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$18.93M	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$17.61M	USD	2 Qtrs
Purchase of short-term investments	`PaymentsToAcquireShortTermInvestments`	$100.00M	USD	2 Qtrs
Proceeds from maturities of short-term investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments`	$129.88M	USD	2 Qtrs
Proceeds from maturities of short-term investments	`ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments`	$48.85M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-412.93M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-274.25M	USD	2 Qtrs
Payments for share repurchases	`PaymentsForRepurchaseOfCommonStock`	$302.19M	USD	2 Qtrs
Payments for share repurchases	`PaymentsForRepurchaseOfCommonStock`	$731.87M	USD	2 Qtrs
Principal payments under debt agreements	`RepaymentsOfLongTermDebt`	$20.00M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividends`	$87.83M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividends`	$68.03M	USD	2 Qtrs
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-11.42M	USD	2 Qtrs
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-8.33M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-421.44M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-808.24M	USD	2 Qtrs
Decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-131.17M	USD	2 Qtrs
Decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-266.43M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$186.31M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$196.13M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$462.56M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$55.14M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$186.31M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$196.13M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$462.56M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$55.14M	USD	Point-in-time

Stockholders Equity 36 line items

Line Item	Tag	Value	Unit	Period
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.60	USD	2 Qtrs
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.80	USD	2 Qtrs
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.40	USD	1 Quarter
Cash dividends declared per share	`CommonStockDividendsPerShareDeclared`	$0.30	USD	1 Quarter
Balance	`StockholdersEquity`	$3.75B	USD	Point-in-time
Balance	`StockholdersEquity`	$3.65B	USD	Point-in-time
Balance	`StockholdersEquity`	$3.56B	USD	Point-in-time
Balance	`StockholdersEquity`	$3.68B	USD	Point-in-time
Balance	`StockholdersEquity`	$3.50B	USD	Point-in-time
Balance	`StockholdersEquity`	$3.83B	USD	Point-in-time
Net Income (Loss)	`NetIncomeLoss`	$675.83M	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$376.08M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$292.36M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$577.40M	USD	2 Qtrs
Share repurchases, including net excise tax	`ShareRepurchasesIncludingNetExciseTaxPeriodValue`	$162.06M	USD	1 Quarter
Share repurchases, including net excise tax	`ShareRepurchasesIncludingNetExciseTaxPeriodValue`	$304.96M	USD	2 Qtrs
Share repurchases	`ShareRepurchasesPeriodValue`	$293.52M	USD	1 Quarter
Share repurchases, including settlements under accelerated share repurchase programs	`StockRepurchasedAndRetiredDuringPeriodValue`	$731.87M	USD	2 Qtrs
Cash dividends declared	`DividendsCommonStock`	$87.77M	USD	2 Qtrs
Cash dividends declared	`DividendsCommonStock`	$33.86M	USD	1 Quarter
Cash dividends declared	`DividendsCommonStock`	$43.78M	USD	1 Quarter
Cash dividends declared	`DividendsCommonStock`	$67.99M	USD	2 Qtrs
Share-based compensation and share issuances, net of forfeitures	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$1.87M	USD	1 Quarter
Share-based compensation and share issuances, net of forfeitures	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$3.88M	USD	1 Quarter
Share-based compensation and share issuances, net of forfeitures	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$5.67M	USD	2 Qtrs
Share-based compensation and share issuances, net of forfeitures	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	$8.17M	USD	2 Qtrs
Taxes paid in exchange for shares withheld	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	$-62.00K	USD	1 Quarter
Taxes paid in exchange for shares withheld	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	$-11.21M	USD	2 Qtrs
Taxes paid in exchange for shares withheld	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	$-2.85M	USD	1 Quarter
Taxes paid in exchange for shares withheld	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	$-8.12M	USD	2 Qtrs
Balance	`StockholdersEquity`	$3.75B	USD	Point-in-time
Balance	`StockholdersEquity`	$3.65B	USD	Point-in-time
Balance	`StockholdersEquity`	$3.56B	USD	Point-in-time
Balance	`StockholdersEquity`	$3.68B	USD	Point-in-time
Balance	`StockholdersEquity`	$3.50B	USD	Point-in-time
Balance	`StockholdersEquity`	$3.83B	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.