STOCKHOLDERS’ EQUITY

12 Months Ended

Dec. 31, 2023

Equity [Abstract]

STOCKHOLDERS’ EQUITY

STOCKHOLDERS’ EQUITY

Repurchases of Common Stock

During 2023, the Company did not repurchase any shares of its common stock. During 2022 and 2021, as part of its stock repurchase program, the Company repurchased approximately 8.0 million and 0.9 million shares, respectively, of its common stock for approximately $151 million and $19.6 million, respectively. The repurchases were funded from cash on hand and allocated to treasury shares. The remaining authorization under the Company's stock repurchase program was approximately $581 million at December 31, 2023.

Shares withheld by the Company to satisfy tax withholding requirements related to the vesting of RSUs are not considered share repurchases under the stock repurchase program. During 2023, 2022, and 2021, the Company withheld approximately 0.4 million, 1.0 million and 0.1 million shares, respectively, in connection with vesting events for a value of approximately $7.7 million, $24.0 million and $1.9 million, respectively, which are included in "Other, net" in the Consolidated Statements of Cash Flows as cash outflows from financing activities.