XML 27 R17.htm IDEA: XBRL DOCUMENT v3.25.3
Shareholders' Equity
 9 Months Ended
Sep. 30, 2025
Equity [Abstract]  
Shareholders' Equity
Note 10. Shareholders' Equity
Dividends
During the quarter ended September 30, 2025, our Board of Directors (the "Board") declared a cash dividend on our common stock of $1.00 per share, which was paid in October 2025. Compared to the first and second quarter of 2025, when we declared cash dividends on our common stock of $0.75 per share, which was paid in April 2025 and July 2025, respectively.
During the first quarter of 2025, we paid a cash dividend on our common stock of $0.55 per share, which was declared during the fourth quarter of 2024.
Common Stock Repurchase Program
In February 2025, our Board of Directors authorized a 12-month common stock repurchase program for up to $1.0 billion. The timing and number of shares to be repurchased will depend on a variety of factors including price and market conditions. Repurchases under the program may be made at management's discretion from time to time on the open market or through privately negotiated transactions. During the nine months ended September 30, 2025, we repurchased 2.3 million shares of our common stock under this program, for a total of $655 million in open market transactions that were recorded within Treasury
stock in our consolidated balance sheets. As of September 30, 2025, we have $345 million that remains available for future stock repurchase transactions under our Board authorized program.