Equity

6 Months Ended

Jun. 30, 2025

Equity [Abstract]

Equity

Equity

The decrease in common stock for the six months ended June 30, 2025, was primarily due to the repurchases of 8.8 million shares, partially offset by the issuance of 1.1 million shares of the Company’s common stock, net of cancellations, under the Company’s stock-based compensation plans. The total net decrease for the six months ended June 30, 2025 was 7.7 million shares.

The Company recorded a cash dividend of $0.120 per share during the second quarter of 2025 as compared to a cash dividend of $0.120 per share during the second quarter of 2024. The second quarter 2025 dividend of $26.3 million was declared on May 28, 2025, and was paid on July 23, 2025.