Stock Repurchases

3 Months Ended

Mar. 31, 2023

Stockholders' Equity Note [Abstract]

Stock Repurchases

Our Board of Directors has authorized a total of $4.0 billion to repurchase shares of our common stock (collectively referred to as the "Share Repurchase Plans"), including a $1.0 billion share repurchase authorization in July 2021. The Share Repurchase Plans allow us to repurchase shares from time to time in open market transactions and in privately negotiated transactions based on business, market, applicable legal requirements and other considerations. The Share Repurchase Plans do not require the repurchase of a specific number of shares and may be terminated at any time. As of March 31, 2023, $546 million was available for repurchase under the Share Repurchase Plans.

We repurchased approximately $2.0 million of shares during the three months ended March 31, 2023 from employees who tendered their shares to satisfy minimum tax withholding obligations upon the vesting and exercise of stock-based compensation awards.