Capital Stock |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Equity [Abstract] | |
| Capital Stock | Capital Stock For the three and six months ended June 30, 2026, the Company repurchased 5.7 million shares of common stock for $648 million and 10.5 million shares of common stock for $1,243 million, respectively. For the three and six months ended June 30, 2025, the Company repurchased less than 0.1 million shares of common stock for less than $1 million and 0.1 million shares of common stock for $13 million, respectively. Repurchases may include share repurchase programs approved by the Board of Directors and repurchases in relation to settlement of employee tax withholding obligations due as a result of the vesting of restricted stock units. The details of repurchases by each program are as follows: On August 24, 2015, our Board of Directors authorized the repurchase of up to $500 million in shares with no expiration date. The program's objective is to deploy our capital in a manner that benefits our shareholders and maintains our focus on growth. During the first quarter of 2026, the Company repurchased 1.4 million shares of common stock for $182 million a under this program. As of June 30, 2026 there is no additional capacity for share repurchases under this program. On February 25, 2026, our Board of Directors authorized the repurchase of up to $1.5 billion in shares with no expiration date. The program's objective is to deploy our capital in a manner that benefits our shareholders and maintains our focus on growth. For the three and six months ended June 30, 2026, the Company repurchased 5.7 million shares and 9.0 million shares of common stock for $648 million and $1,047 million, respectively, under this program. As of June 30, 2026 there are $453 million in additional shares that may still be repurchased under this program. In relation to the aforementioned share repurchase programs, the Company has accrued a total $12 million in excise taxes as of June 30, 2026. There were no excise taxes accrued related to share repurchase programs as of December 31, 2025. Aside from the aforementioned repurchase programs, we repurchased less than 0.1 million shares and 0.1 million shares for $0.2 million and $14 million for the three and six months ended June 30, 2026, respectively, and less than 0.1 million shares and 0.1 million shares for approximately less than $1 million and $13 million for the three and six months ended June 30, 2025, respectively, in relation to settlement of employee tax withholding obligations due as a result of the vesting of restricted stock units.
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