Stockholders' Equity |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Stockholders' Equity | STOCKHOLDERS’ EQUITY Stock Repurchase Program The Company’s Board of Directors has authorized a stock repurchase program under which the Company can repurchase $12 billion of Class A Common Stock, par value $0.01 per share (the “Class A Common Stock”), and Class B Common Stock, par value $0.01 per share (the “Class B Common Stock” and, together with the Class A Common Stock, the “Common Stock”). The program has no time limit and may be modified, suspended or discontinued at any time. Repurchased shares are retired and reduce the number of shares issued and outstanding. The Company allocates the amount of the repurchase price over par value between additional paid-in capital and retained earnings. As of September 30, 2026, the Company’s remaining stock repurchase authorization was approximately $3.4 billion. Dividends The following table summarizes the dividends declared per share on both the Company’s Class A Common Stock and Class B Common Stock:
The Company declared a semi-annual dividend of $0.29 per share on both the Class A Common Stock and the Class B Common Stock during the three months ended September 30, 2026, which was paid on September 23, 2026.
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- References No definition available.
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- Definition The entire disclosure for equity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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