Common Stock

12 Months Ended

Dec. 31, 2024

Equity [Abstract]

Common Stock

Common Stock

The Company has a share repurchase program authorized by the Board of Directors.

In 2024, the Company repurchased 4.3 million shares of its common stock for $900 million. At December 31, 2024, the Company remained authorized to repurchase up to approximately $2.3 billion in shares of its common stock. There is no time limit on the authorization. In 2023, the Company repurchased 6.4 million shares of its common stock for $1.15 billion.

The Company issued approximately 3.7 million and 3.6 million shares related to stock compensation and employee stock purchase plans for the years ended December 31, 2024 and 2023, respectively.

In January 2025, the Board of Directors of the Company declared a quarterly dividend of $0.815 per share on outstanding common stock, payable in February 2025.