Equity

3 Months Ended

Mar. 31, 2025

Equity [Abstract]

Equity

Equity

The decrease in common stock during the three months ended March 31, 2025, was primarily due to the repurchases of 3.1 million shares, partially offset by the issuance of 0.7 million shares of the Company’s common stock, net of cancellations, under the Company’s stock-based compensation plans. The total net decrease was 2.4 million shares.

The Company recorded a cash dividend of $0.120 per share during the first quarter of 2025 as compared to a cash dividend of $0.120 per share during the first quarter of 2024. The first quarter 2025 dividend of $27.0 million was declared on February 27, 2025 and was paid on April 23, 2025.