v3.26.1
Shareholders' Equity
 6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Shareholders' Equity
6. SHAREHOLDERS' EQUITY
Stock Repurchase Programs
On July 22, 2025, the Board of Directors of the Company approved a common stock repurchase program of up to $500 million (the "July 2025 Stock Repurchase Program"). The July 2025 Stock Repurchase Program includes and is not in addition to the $169 million previously remaining under the March 2025 Stock Repurchase Program. Share repurchases may be made at management’s discretion from time to time in the open market (either with or without a 10b5-1 plan) or through privately negotiated transactions. The repurchase program has no time limit and may be suspended or discontinued at any time. We had approximately $430 million of repurchase authority remaining under the July 2025 Stock Repurchase Program at June 30, 2026, based on trade date.
On March 12, 2025, the Board of Directors of the Company approved a new common stock repurchase program of up to $500 million (the "March 2025 Stock Repurchase Program"). The March 2025 Stock Repurchase Program included and was not in addition to any unspent amount remaining under the prior authorizations from the 2021 Stock Repurchase Program. As described above, the March 2025 Stock Repurchase Program has since been replaced by the July 2025 Stock Repurchase Program.
During the three and six months ended June 30, 2026 and 2025, we repurchased the following shares under our stock repurchase programs:
Three Months Ended June 30,Six Months Ended June 30,
(in millions, except share data)2026202520262025
Repurchase Program SharesAggregate Purchase PriceSharesAggregate Purchase PriceSharesAggregate Purchase PriceSharesAggregate Purchase Price
July 2025 Stock Repurchase Program— $— — $— — $— — $— 
March 2025 Stock Repurchase Program— — 2,565,964 251 — — 3,152,202 316 
2021 Stock Repurchase Program — — — — — — 212,012 24 
Total— $— 2,565,964 $251 — $— 3,364,214 $340