Stockholders' Equity

12 Months Ended

Dec. 31, 2022

Stockholders' Equity.

Stockholders' Equity

Note 17—Stockholders’ Equity

In August 2021, the Company’s board of directors approved an increase to the Company’s common stock repurchase program from $1 billion to $2 billion.

The following table summarizes the Company’s stock repurchase activity:

	Year ended December 31,						Cumulative
	2022		2021		2020		total (1)
	(in thousands)
Shares of common stock repurchased		7,788		15,368		8,890		32,862
Cost of shares of common stock repurchased	$	406,086	$	958,194	$	337,479	$	1,716,707

(1) Amounts represent the total shares of common stock repurchased under the stock repurchase program through December 31, 2022.

The shares of repurchased common stock were canceled upon settlement of the repurchase transactions.