In the first quarter of 2025, the Company's Board of Directors ("the Board") authorized a program to repurchase up to $20 billion of the Company's common stock. At March 31, 2025, the Company had a total remaining authorization of $25.9 billion related to share repurchase programs authorized by the Board. Additionally, the Board has given the Company the general authorization to repurchase shares of its common stock withheld to satisfy employee withholding tax obligations related to stock-based compensation.

The following table summarizes the Company's stock repurchase activities:



(in millions, except for shares, which are reflected in thousands)	Three Months Ended March 31,
		2025	2024
			Shares	Amount		Shares	Amount
Authorized stock repurchase programs			373	$	1,763	446	$	1,589
General authorization for shares withheld on stock award vesting			99	491		90	315
Total			472	$	2,254	536	$	1,904

For the three months ended March 31, 2025 and 2024, the Company remitted employee withholding taxes of $447 million and $286 million, respectively, to tax authorities, which may differ from the aggregate cost of the shares withheld for taxes for each period due to the timing in remitting the taxes. The cash remitted to the tax authorities is included in financing activities in the Unaudited Consolidated Statements of Cash Flows. Additionally, stock repurchases of $49 million in March 2025 were settled in April 2025.

As of March 31, 2025 and December 31, 2024, the Company recorded estimated liabilities of $67 million and $56 million, respectively, related to excise taxes on share repurchases, which are included in "Accrued expenses and other current liabilities" in the Consolidated Balance Sheets.

During the three months ended March 31, 2025 and 2024, the Board declared quarterly cash dividends of $9.60 and $8.75, respectively, per share of common stock and the Company paid $319 million and $299 million, respectively, in total cash dividends. In April 2025, the Board declared a cash dividend of $9.60 per share of common stock, payable on June 30, 2025 to stockholders of record as of the close of business on June 6, 2025.