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Stockholders' Equity | 6 Months Ended
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Jun. 30, 2025
Equity [Abstract] |
Stockholders' Equity | Stockholders’ Equity On May 7, 2024, our Board of Directors approved a $1.0 billion share repurchase program (the “May 2024 Share Repurchase Program”), which replaced all existing share repurchase programs. The May 2024 Share Repurchase Program authorizes us to repurchase common stock in the open market or through privately negotiated transactions. Privately negotiated repurchases from REH Company, LLC (“REH Company” and together with its affiliate REH Advisors Inc., “REH”) are also authorized under the May 2024 Share Repurchase Program, subject to REH’s interest in selling its shares and other limitations. The timing and amount of share repurchases, including those from REH, will depend on market conditions and corporate, tax, regulatory and other relevant considerations. In addition, we are authorized by our Board of Directors to repurchase shares in an amount sufficient to offset shares issued under our compensation programs. The May 2024 Share Repurchase Program may be discontinued at any time by our Board of Directors. As of June 30, 2025, we had remaining authorization to repurchase up to $749 million under the May 2024 Share Repurchase Program. The following table presents the total open market and privately negotiated purchases of shares under our share repurchase programs for the three and six months ended June 30, 2025 and 2024:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2025 |  | 2024 |  | 2025 |  | 2024
|  | (In millions, except share data)
Number of shares repurchased (1) |  | 1,329,725 |  |  | 6,348,435 |  | 1,329,725 |  | 9,279,177
Cash paid for shares repurchased |  | $ | 50 |  |  | $ | 371 |  |  | $ | 50 |  |  | $ | 537 |
(1)During the six months ended June 30, 2024, 7,864,761 shares were repurchased for $456 million pursuant to privately negotiated repurchases from REH Company. No such privately negotiated repurchases were made during the six months ended June 30, 2025. During the six months ended June 30, 2025 and 2024, we withheld 2,351 and 59,626 shares, respectively, of our common stock under the terms of stock-based compensation agreements to provide funds for the payment of payroll and income taxes due at the vesting of share-based awards. On July 31, 2025, our Board of Directors announced that it declared a regular quarterly dividend in the amount of $0.50 per share, payable on September 4, 2025 to holders of record of common stock on August 21, 2025.

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