Shareholders' Equity

6 Months Ended

Jun. 30, 2024

Stockholders' Equity Note [Abstract]

Shareholders' Equity

Shareholders’ Equity

Share repurchase programs

Repurchases of our common stock may be made from time to time on the open market (including through 10b5-1 plans) or through privately negotiated transactions. In the six months ended June 30, 2024, we repurchased 12.3 million shares for $250.3 million, which included commissions. In 2023, we repurchased approximately 21.7 million shares of our common stock for $340.6 million, which included commissions. At June 30, 2024, we had remaining authorization to repurchase $773 million remaining under our existing share repurchase programs. Through July 26, 2024, we repurchased an additional 2.2 million shares totaling $49.0 million under the remaining authorization through December 31, 2026.

Cash dividends

In the first and second quarters of 2024, we paid quarterly cash dividends of $0.115 per share which totaled $63.3 million. On July 25, 2024, the Board of Directors declared a quarterly cash dividend to the holders of the company’s common stock of $0.13 per share payable on August 22, 2024, to shareholders of record on August 8, 2024.