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EQUITY
6 Months Ended
Jun. 30, 2025
Equity [Abstract]  
EQUITY EQUITY
COMMON STOCK
The Company is authorized to issue 2 billion shares of Class A common stock and 50 million shares of preferred stock, each of which has a par value of $0.0001 per share.
The Company has a share repurchase program which it expects to fund from cash generated from operations, and it expects to make share repurchases from time to time subject to the Company's capital plan, market conditions, and other factors, including regulatory restrictions. The repurchase program may be suspended or discontinued at any time and does not have a specified expiration date. During the three and six months ended June 30, 2025, the Company repurchased and canceled 5.3 million and 9.8 million shares of Class A common stock for $196 million and $384 million, representing an average price per share of $36.66 and $39.38, respectively. During the three and six months ended June 30, 2024, the Company repurchased and canceled 5.1 million and 10.5 million shares of Class A common stock for $166 million and $324 million, representing an average price per share of $32.19 and $30.72, respectively. As of June 30, 2025, the Company had authorization remaining to repurchase up to approximately $1.3 billion of its Class A common stock.
The following table presents the changes in the number of shares outstanding (in thousands):
Class A
Common Stock
20252024
Balance at January 1989,646 997,709 
Issue of shares upon vesting of restricted stock units (1)
4,700 4,831 
Issue of shares on exercise of stock options (1)
82 21 
Issue of shares for employee stock purchase plan770 919 
Repurchase and cancellation of Class A common stock(9,751)(10,539)
Balance at June 30985,447 992,941 
(1)Share amounts reflected above are net of shares withheld to satisfy the employee's tax withholding obligation.
ACCUMULATED OTHER COMPREHENSIVE LOSS
The following tables present the changes in accumulated other comprehensive loss, net of tax:
Foreign Currency Translation AdjustmentsCash Flow HedgesBenefit PlansAccumulated Other Comprehensive Loss
Balance at December 31, 2024$(2,863)$(7)$(291)$(3,161)
Other comprehensive income (loss) before reclassifications513 (18)498 
Amounts reclassified from accumulated other comprehensive loss— 
Deferred taxes— (1)
Other comprehensive income (loss)
513 (7)509 
Less: Other comprehensive loss attributable to noncontrolling interests— — 
Balance at June 30, 2025$(2,351)$(4)$(298)$(2,653)
Foreign Currency Translation AdjustmentsCash Flow HedgesBenefit PlansAccumulated Other Comprehensive Loss
Balance at December 31, 2023$(2,513)$(6)$(277)$(2,796)
Other comprehensive loss before reclassifications
(192)(3)— (195)
Amounts reclassified from accumulated other comprehensive loss— — 
Deferred taxes— — 
Other comprehensive income (loss)(192)(2)(185)
Balance at June 30, 2024$(2,705)$(8)$(268)$(2,981)
The amounts reclassified from accumulated other comprehensive loss during the six months ended June 30, 2025 and 2024 represent (i) net gains (losses) reclassified on cash flow hedges when the hedged transaction occurs, and (ii) the amortization of net actuarial gain (loss), prior service credit, settlements, and curtailments which are included in the computation of net periodic pension cost.