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Stockholders' Deficit
 6 Months Ended
Jun. 30, 2026
Stockholders' Equity Note [Abstract]  
Stockholders' (Deficit) Equity Stockholders’ Deficit
A summary of the Company’s common stock repurchases is as follows:
Three Months Ended June 30, 2026Six Months Ended June 30, 2026
Shares Total CostsAverage PriceSharesTotal CostsAverage Price
(In millions, except average price amounts)
Total repurchases under the repurchase plans0.7 $196.8 $275.00 1.6 $411.2 $252.51 
Total repurchases for tax withholdings— 4.6 $303.80 0.1 15.6 $246.03 
Total repurchases0.7 $201.4 $275.59 1.7 $426.8 $252.27 
As of June 30, 2026, there was $666.0 million remaining available for repurchases under the Company’s share repurchase program. The program has no expiration date. Purchases made under the program can be effected through open market transactions, block purchases, accelerated share repurchase agreements or other negotiated transactions. Effective July 23, 2026, the Company’s Board of Directors authorized the repurchase of its common stock in the amount of $884.2 million, in addition to the $615.8 million that remained available for repurchases under the prior share repurchase authorization, for a total repurchase authorization of up to $1.50 billion under the program.
Since inception, the Company has repurchased 265.4 million shares of its common stock for an aggregate cost of $16.19 billion, which is recorded as a reduction of Additional paid-in capital. The share repurchase and authorization amounts disclosed within this Form 10-Q exclude the excise tax on share repurchases.
A summary of the Company’s dividend activities is as follows:
Record Date
Payment Date
Dividend Per Share
Total
(In millions, except per share amounts)
February 19, 2026February 27, 2026$0.81 $74.2 
May 19, 2026May 27, 20260.81 73.6 
$1.62 $147.8 
The dividends were accounted for as a reduction of Additional paid-in capital. On July 20, 2026, the Company’s Board of Directors declared a cash dividend of $0.81 per share of the Company’s outstanding common stock to stockholders of record as of the close of business on August 19, 2026, payable on August 27, 2026. The Company intends to continue to pay a cash dividend on a quarterly basis, subject to market conditions and approval by the Company’s Board of Directors.