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Stockholders' Deficit
 3 Months Ended
Mar. 31, 2025
Stockholders' Equity Note [Abstract]  
Stockholders' (Deficit) Equity Stockholders’ Deficit
Effective July 25, 2024, the Company’s Board of Directors authorized the repurchase of its common stock in the amount of approximately $1.11 billion, in addition to the $388.0 million that remained available for repurchases under the share repurchase program, for a total 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 March 31, 2025 there was approximately $792.7 million remaining available for repurchases under the program.
The summary of the Company’s common stock share repurchases are as follows. Amounts may not add up due to rounding:
Three Months Ended March 31, 2025
Shares Total CostsAverage Price
(In millions, except average price amounts)
Total repurchases under the repurchase plans1.0 $229.9 $225.83 
Total repurchases for tax withholdings0.1 11.7 $229.19 
Total repurchases1.1 $241.7 $225.99 
Since inception, the Company has repurchased 261.3 million shares of its common stock for an aggregate cost of $15.12 billion, which is recorded as a reduction of Additional paid-in capital. The share repurchase and authorization amounts disclosed within this Form 10-Q exclude the excise tax on share repurchases.
On April 23, 2025, the Company’s Board of Directors declared a cash dividend of $0.77 per share of the Company’s outstanding common stock to stockholders of record as of the close of business on May 19, 2025, payable on May 28, 2025. The Company intends to continue to pay a cash dividend on a quarterly basis, subject to market conditions and approval by the Company’s Board of Directors.