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Stockholders' Deficit
9 Months Ended
Sep. 30, 2024
Stockholders' Equity Note [Abstract]  
Stockholders' (Deficit) Equity Share Repurchases
Effective July 25, 2024, the Company’s Board of Directors authorized the repurchase of its common stock in the amount of $1.11 billion, in addition to the $388.0 million that remained available for repurchases under the share repurchase program, for a total repurchase authorization of up to $1.50 billion under the program. The program has no expiration date. Purchases made under the program could be effected through open market transactions, block purchases, accelerated share repurchase agreements or other negotiated transactions. As of September 30, 2024 there was approximately $1.28 billion remaining available for repurchases under the program.
The Company’s share repurchases are as follows:
Three Months Ended September 30, 2024Nine Months Ended September 30, 2024
Shares Total CostsAverage PriceSharesTotal CostsAverage Price
(In millions, except average price amounts)
Total repurchases under the repurchase plans1.7 $300.9 $180.32 5.2 $949.3 $183.32 
Total repurchases for tax withholdings— 2.2 $177.85 0.1 14.0 $189.37 
Total repurchases1.7 $303.1 $180.30 5.3 $963.3 $183.40 
Since inception, the Company has repurchased 258.8 million shares of its common stock for an aggregate cost of $14.62 billion, which is recorded as a reduction of Additional paid-in capital. The share repurchase and authorization amounts disclosed in this Form 10-Q exclude the excise tax on share repurchases.