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TREASURY STOCK AND DIVIDENDS | 6 Months Ended
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Jun. 30, 2025
Equity [Abstract] |
TREASURY STOCK AND DIVIDENDS | TREASURY STOCK AND DIVIDENDS In the first quarter of 2025, the Company's Board of Directors ("the Board") authorized a program to repurchase up to $20 billion of the Company's common stock. At June 30, 2025, the Company had a total remaining authorization of $24.6 billion related to share repurchase programs authorized by the Board. Additionally, the Board has given the Company the general authorization to repurchase shares of its common stock withheld to satisfy employee withholding tax obligations related to stock-based compensation. The following table summarizes the Company's stock repurchase activities:
(in millions, except for shares, which are reflected in thousands) |  | Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
| Shares |  | Amount |  | Shares |  | Amount |  | Shares |  | Amount |  | Shares |  | Amount
Authorized stock repurchase programs |  | 283 |  |  | $ | 1,354 |  |  | 435 |  |  | $ | 1,622 |  |  | 656 |  | $ | 3,117 |  |  | 881 |  | $ | 3,211 |
General authorization for shares withheld on stock award vesting |  | 4 |  |  | 17 |  |  | 2 |  |  | 6 |  |  | 103 |  | 508 |  |  | 92 |  | 321 |
Total |  | 287 |  | $ | 1,371 |  |  | 437 |  | $ | 1,628 |  |  | 759 |  | $ | 3,625 |  |  | 973 |  | $ | 3,532 |
For the six months ended June 30, 2025 and 2024, the Company remitted employee withholding taxes of $505 million and $320 million, respectively, to tax authorities, which may differ from the aggregate cost of the shares withheld for taxes for each period due to the timing in remitting the taxes. The cash remitted to the tax authorities is included in financing activities in the Unaudited Consolidated Statements of Cash Flows. As of June 30, 2025 and December 31, 2024, the Company recorded estimated liabilities of $24 million and $56 million, respectively, related to excise taxes on share repurchases, which are included in "Accrued expenses and other current liabilities" in the Consolidated Balance Sheets. During the six months ended June 30, 2025, the Company remitted excise taxes of $56 million to tax authorities, which is included in financing activities in the Unaudited Consolidated Statement of Cash Flows. During the six months ended June 30, 2025 and 2024, the Board declared quarterly cash dividends of $9.60 and $8.75, respectively, per share of common stock and the Company paid $631 million and $594 million, respectively, in total cash dividends. In July 2025, the Board declared a cash dividend of $9.60 per share of common stock, payable on September 30, 2025 to stockholders of record as of the close of business on September 5, 2025.

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- Definition The entire disclosure for treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/505-30/tableOfContent + Details
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