Common Stock

9 Months Ended

Sep. 30, 2025

Equity [Abstract]

Common Stock

Common Stock

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

For the nine months ended September 30, 2025, the Company repurchased 4.6 million shares of its common stock for $1.0 billion. At September 30, 2025, the Company remained authorized to repurchase up to approximately $1.3 billion in shares of its common stock. There is no time limit on the authorization. For the nine months ended September 30, 2024, the Company repurchased 4.3 million shares of its common stock for $900 million.

The Company issued approximately 3.2 million and 3.3 million shares related to stock compensation and employee stock purchase plans for the nine months ended September 30, 2025 and 2024.

In January and March of 2025, the Board of Directors of the Company declared quarterly dividends of $0.815 per share on outstanding common stock, which were paid in February and May 2025, respectively. In July 2025, the Board of Directors of the Company declared a quarterly dividend of $0.900 per share on outstanding common stock, which was paid in August 2025.

In September 2025, the Board of Directors of the Company declared a quarterly dividend of $0.900 per share on outstanding common stock, payable in November 2025.