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Stockholders' Equity
 9 Months Ended
Sep. 30, 2025
Equity [Abstract]  
Stockholders' Equity Stockholders' Equity
Dividends
The Company declared quarterly cash dividends on its Class A and Class B common stock as summarized below: 
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
(in millions, except per share data)
Dividends declared per share $0.76 $0.66 $2.28 $1.98 
Total dividends declared$684 $607 $2,063 $1,833 
Common Stock Activity
The following table presents the changes in the Company’s outstanding Class A and Class B common stock:
Three Months Ended September 30,
20252024
 Class AClass BClass AClass B
(in millions)
Balance at beginning of period899.1 6.7 918.5 7.1 
Purchases of treasury stock(5.8)— (6.3)— 
Share-based payments0.1 — 0.4 — 
Conversion of Class B to Class A common stock— — — — 
Balance at end of period893.4 6.7 912.6 7.1 
Nine Months Ended September 30,
20252024
 Class AClass BClass AClass B
(in millions)
Balance at beginning of period906.6 6.8 927.3 7.2 
Purchases of treasury stock(14.7)— (16.5)— 
Share-based payments1.4 — 1.7 — 
Conversion of Class B to Class A common stock0.1 (0.1)0.1 (0.1)
Balance at end of period893.4 6.7 912.6 7.1 
In December 2024 and 2023, the Company’s Board of Directors approved share repurchase programs of its Class A common stock authorizing the Company to repurchase up to $12.0 billion and $11.0 billion, respectively. The following table summarizes the Company’s share repurchases of its Class A common stock:
Nine Months Ended September 30,
20252024
(in millions, except per share data)
Dollar-value of shares repurchased
$8,169 $7,565 
Shares repurchased14.7 16.5 
Average price paid per share$554.47 $458.36 
As of September 30, 2025, the remaining authorization under share repurchase programs approved by the Company’s Board of Directors was $7.0 billion. Through October 27, 2025, the Company repurchased $1.2 billion dollar-value of shares. As of October 27, 2025, the remaining authorization under share repurchase programs approved by the Company’s Board of Directors was $5.8 billion.