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Equity
 3 Months Ended
Mar. 31, 2024
Equity [Abstract]  
Equity
9.Equity
Dividends
During the Current Quarter and Prior Quarter, we made dividend payments of $77 million ($0.575 per share) and $175 million ($1.29 per share), respectively.
On April 30, 2024, we declared a quarterly dividend payable of $0.715 per share, which will be paid on June 5, 2024 to stockholders of record at the close of business on May 16, 2024. The dividend consists of a base quarterly dividend in the amount of $0.575 per share and a variable dividend in the amount of $0.14 per share.
Share Repurchases
We did not repurchase any shares during the Current Quarter, and during the Prior Quarter, we repurchased 0.8 million shares of common stock for an aggregate price of $60 million, inclusive of shares for which cash settlement occurred in early April 2023. The repurchased shares of common stock were retired and recorded as a reduction to common stock and retained earnings and were made pursuant to the share repurchase program that expired on December 31, 2023. All share repurchases made after January 1, 2023 are subject to a 1% excise tax on share repurchases, as enacted under the Inflation Reduction Act of 2022. We are able to net this 1% excise tax on share repurchases against the issuance of shares of our common stock. The impact of this 1% excise tax was immaterial during the Prior Quarter.

Warrants
Class A WarrantsClass B Warrants
Class C Warrants(a)
Outstanding as of December 31, 20234,247,615 4,403,064 4,023,483 
Converted into common stock(b)
— — (168)
Outstanding as of March 31, 20244,247,615 4,403,064 4,023,315 
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(a)As of March 31, 2024, we had 1,466,502 of reserved Class C Warrants.
(b)During the Current Quarter, we issued 201 shares of common stock as a result of Warrant exercises.