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Stockholders' Equity
12 Months Ended
Dec. 31, 2024
Equity [Abstract]  
Stockholders' Equity Stockholders' Equity
 
The Company's Board of Directors has authorized a stock repurchase program of the Company's common stock from time to time on the open market or through privately negotiated transactions. In 2023, the Company's Board of Directors authorized an increase under the program of $4,000 million. With these increases, the Company is authorized to repurchase up to $10,000 million, inclusive of past authorizations. As of December 31, 2024, the Company had a remaining amount of $2,230 million available under the Company's stock repurchase program. No duration has been placed on the repurchase program. The Company reserves the right to discontinue the repurchase program at any time.

Share repurchases in 2024, 2023 and 2022 were primarily funded through divestiture proceeds and free cash flow generated from operations. The following represents the Company's share repurchase activity ($ in millions, shares in thousands):
Year Ended December 31,
20242023
2022 (2)
SharesCostSharesCostSharesCost
Share buybacks41,987 $2,999 22,886 $1,577 35,655 $2,994 
Income tax withholding1,494 114 828 56 1,213 102 
Total share repurchases (1)
43,481 $3,113 23,714 $1,633 36,868 $3,096 
(1)
Excludes year-to-date share repurchase excise tax of approximately $28 million and $10 million accrued as of December 31, 2024 and 2023, respectively.
(2)
Includes 11.6 million shares delivered as part of an accelerated share repurchase (ASR) agreement with a $1,000 million notional amount. The Company purchased additional shares throughout the year through open market repurchases, including repurchase plans designed to comply with Rule 10b5-1.

Shares repurchased for income tax withholding are shares withheld in connection with employee stock plans to meet applicable tax withholding requirements. These shares are typically included in the Company's treasury stock.