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Stockholders' Equity (Tables) | 6 Months Ended
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Jun. 30, 2024
Equity [Abstract] |
Schedule of quarterly cash dividends declared | The Company declared quarterly cash dividends on its Class A and Class B common stock as summarized below:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2024 |  | 2023 |  | 2024 |  | 2023
|  | (in millions, except per share data)
Dividends declared per share |  | $ | 0.66 |  |  | $ | 0.57 |  |  | $ | 1.32 |  |  | $ | 1.14 |
Total dividends declared |  | $ | 611 |  |  | $ | 538 |  |  | $ | 1,226 |  |  | $ | 1,079 |
Schedule of Changes in Common Stock Outstanding | The following table presents the changes in the Company’s outstanding Class A and Class B common stock:
|  | Three Months Ended June 30,
|  | 2024 |  | 2023
|  | Outstanding Shares |  | Outstanding Shares
|  | Class A |  | Class B |  | Class A |  | Class B
|  | (in millions)
Balance at beginning of period |  | 924.2 |  |  | 7.1 |  |  | 941.4 |  |  | 7.5 |
Purchases of treasury stock |  | (5.8) |  |  | — |  |  | (6.5) |  |  | — |
Share-based payments |  | 0.1 |  |  | — |  |  | 0.9 |  |  | — |
Conversion of Class B to Class A common stock |  | — |  |  | — |  |  | 0.1 |  |  | (0.1) |
Balance at end of period |  | 918.5 |  |  | 7.1 |  |  | 935.9 |  |  | 7.4 |
|  | Six Months Ended June 30,
|  | 2024 |  | 2023
|  | Outstanding Shares |  | Outstanding Shares
|  | Class A |  | Class B |  | Class A |  | Class B
|  | (in millions)
Balance at beginning of period |  | 927.3 |  |  | 7.2 |  |  | 948.4 |  |  | 7.6 |
Purchases of treasury stock |  | (10.2) |  |  | — |  |  | (14.4) |  |  | — |
Share-based payments |  | 1.3 |  |  | — |  |  | 1.7 |  |  | — |
Conversion of Class B to Class A common stock |  | 0.1 |  |  | (0.1) |  |  | 0.2 |  |  | (0.2) |
Balance at end of period |  | 918.5 |  |  | 7.1 |  |  | 935.9 |  |  | 7.4 |
Schedule of share repurchases and authorizations | The following table summarizes the Company’s share repurchases of its Class A common stock:
|  | Six Months Ended June 30,
|  | 2024 |  | 2023
|  | (in millions, except per share data)
Dollar-value of shares repurchased 1 |  | $ | 4,631 |  |  | $ | 5,294 |
Shares repurchased |  | 10.2 |  |  | 14.4 |
Average price paid per share |  | $ | 454.92 |  |  | $ | 367.00 |
1 The dollar-value of shares repurchased does not include a 1% excise tax. The incremental tax is recorded in treasury stock on the consolidated balance sheet.

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