Stockholders’ Equity |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Stockholders’ Equity | Stockholders’ Equity Stock Repurchase Program Our stock repurchase programs are intended to programmatically offset the impact of dilution from our equity compensation programs and, subject to market conditions and other factors, to make opportunistic and programmatic repurchases of our common stock to reduce our outstanding share count and return value to stockholders. Any share repurchases under our stock repurchase programs may be made through open market transactions, block trades, privately negotiated transactions (including accelerated share repurchase transactions) or other means at times and in such amounts as management deems appropriate and will be funded from our working capital or other financing alternatives. Our stock repurchase programs may be limited or terminated at any time without prior notice. The timing and actual number of shares repurchased will depend on a variety of factors, including corporate and regulatory requirements, price and other market conditions and management’s determination as to the appropriate use of our cash. The following table summarizes stock repurchase activity under our stock repurchase programs for the period indicated (in millions, except per share amounts):
(1)These repurchased shares of common stock were recognized as treasury stock and were accounted for under the cost method. None of the repurchased shares of common stock have been retired. (2)Excludes broker commissions and excise tax accruals. Dividends During the three and six months ended June 30, 2025, we paid a total of $134 million and $268 million, respectively, in cash dividends compared to $135 million and $274 million, respectively, paid during the same periods in 2024. In July 2025, our Board of Directors (our “Board”) declared a cash dividend of $0.29 per share of common stock to be paid on September 12, 2025 to stockholders of record as of August 29, 2025.
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