Common Stock

6 Months Ended

Jun. 30, 2023

Equity [Abstract]

Common Stock

NOTE 10. Common Stock

Common Stock

2023. During the three months ended June 30, 2023, the Company issued approximately 0.6 million shares of common stock primarily in connection with exercises and vesting of stock-based awards. During the six months ended June 30, 2023, the Company issued approximately 2.7 million shares of common stock primarily in connection with exercises and vesting of stock-based awards.

On May 18, 2023, the Company repurchased and retired 9.6 million shares of common stock pursuant to an underwritten secondary public offering of 94.6 million shares of its common stock by CD&R. The Company paid approximately $20.80 per share, which is the same per share price paid by the underwriters to CD&R in the offering.

2022. During the three months ended June 30, 2022, the Company issued approximately 2.5 million shares of common stock primarily in connection with exercises and vesting of stock-based awards. During the six months ended June 30, 2022, the Company issued approximately 8.1 million shares of common stock primarily in connection with exercises and vesting of stock-based awards.