Common Stock

3 Months Ended

Mar. 31, 2025

Equity [Abstract]

Common Stock

Common Stock

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

For the three months ended March 31, 2025, the Company repurchased 1.3 million shares of its common stock for $300 million. At March 31, 2025, the Company remained authorized to repurchase up to approximately $2.0 billion in shares of its common stock. There is no time limit on the authorization. For the three months ended March 31, 2024, the Company repurchased 1.5 million shares of its common stock for $300 million.

The Company issued approximately 2.6 million and 2.3 million shares related to stock compensation and employee stock purchase plans for the three months ended March 31, 2025 and 2024, respectively.

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