Annual report pursuant to Section 13 and 15(d)

SHAREHOLDERS' EQUITY (Tables)

v3.25.0.1
SHAREHOLDERS' EQUITY (Tables)
 12 Months Ended
Dec. 31, 2024
Equity [Abstract]  
Changes in shares of common stock, treasury stock and common stock held in trust for employee benefit plans
Changes in shares of common stock and treasury stock were as follows:
In millions Common
Stock		 Treasury
Stock
Balance at December 31, 2021 222.5  80.0 
Shares acquired —  1.9 
Shares issued —  (0.7)
Balance at December 31, 2022 222.5  81.2 
Shares issued —  (0.5)
Balance at December 31, 2023 222.5  80.7 
Shares issued —  (1.2)
Atmus divestiture share exchange (1)
—  5.6 
Balance at December 31, 2024 222.5  85.1 
(1) On March 18, 2024, we completed the divestiture of our remaining 80.5 percent ownership of Atmus Filtration Technologies Inc. (Atmus) common stock through a tax-free split-off. The exchange resulted in a reduction of shares of our common stock outstanding by 5.6 million shares. See NOTE 21, "ATMUS INITIAL PUBLIC OFFERING (IPO) AND DIVESTITURE," for additional information.
Dividends per share paid to common shareholders Cash dividends per share paid to common shareholders for the last three years were as follows:
  Quarterly Dividends
  2024 2023 2022
First quarter $ 1.68  $ 1.57  $ 1.45 
Second quarter 1.68  1.57  1.45 
Third quarter 1.82  1.68  1.57 
Fourth quarter 1.82  1.68  1.57 
Total $ 7.00  $ 6.50  $ 6.04