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Capital Stock
 9 Months Ended
Sep. 30, 2025
Equity [Abstract]  
Capital Stock Capital Stock
Issuance of Common Stock
Upon the closing of the acquisition of the FME Interests in January 2025, the Company issued 28,190,682 shares of its common stock to the sellers of the FME Interests. The shares were valued at $785 million based on the closing price of the stock on the date of issuance.
Dividends
Common Stock
In February 2025, the Company’s Board of Directors approved an increase in its quarterly dividend from $0.21 per share to $0.22 per share beginning in the first quarter of 2025.
The following table summarizes the dividends the Company has paid on its common stock during the nine months ended September 30, 2025 and 2024:
Rate Per Share (1)
Total Dividends Paid
(In millions)
2025
First quarter$0.22 $170 
Second quarter0.22 170 
Third quarter
0.22 170 
$0.66 $510 
2024
First quarter$0.21 $160 
Second quarter0.21 158 
Third quarter0.21 156 
$0.63 $474 

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(1)    Increases to the Company’s dividends were previously approved by the Company’s Board of Directors in the February meeting of the respective year presented.

Treasury Stock
During the nine months ended September 30, 2025 and 2024, the Company repurchased and retired 2 million shares for $47 million and 15 million shares for $404 million, respectively. As of September 30, 2025, the Company had $1.1 billion remaining under its current share repurchase program.