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Common Stock Repurchase Programs
6 Months Ended
Jun. 30, 2025
Equity [Abstract]  
Common Stock Repurchase Programs Common Stock Repurchase Programs
In January 2023, our Board of Directors authorized a plan to repurchase up to $1.0 billion of our common stock (“January 2023 Repurchase Program”).

The following tables summarize the total repurchases of our common stock pursuant to Accelerated Share Repurchase (“ASR”) agreements and open market common stock repurchases ("OMR") under the January 2023 Repurchase Program:

Accelerated Share Repurchase Agreements

Agreement
 Date
Repurchase
 Program
Amount Paid
(in millions)
Completion
Date
Total Shares
Received
Average Price per Share
Q4 2023January 2023$250.0 Q1 20241,086,334 $230.13 

Open Market Common Stock Repurchases

Agreement
 Date
Repurchase
 Program
Amount Paid
(in millions)
Completion
Date
Total Shares
Received
Average Price per Share
Q4 2023January 2023$100.0 Q4 2023465,518 $214.81 
Q2 2024January 2023$150.0 Q2 2024598,302 $250.73 
Q4 2024January 2023$275.0 Q1 20251,241,509 $221.50 
Q1 2025January 2023$225.0 Q2 20251,339,124 $168.02 

As of June 30, 2025 the January 2023 Repurchase Program was complete.

In April 2025, our Board of Directors authorized a plan to repurchase up to $1.0 billion of our common stock (the “April 2025 Repurchase Program”). The April 2025 Repurchase Program is expected to be completed over a period of up to three years.
On August 5, 2025 we announced a plan to repurchase $200 million of our common stock through open market repurchases beginning in the third quarter of 2025 and continuing into the first quarter of 2026. The number of shares to be repurchased and the average price per share are not determinable as of the filing of this Quarterly Report on Form 10-Q. Upon completion of these open market repurchases the Company will have $800.0 million remaining available for repurchases under the April 2025 Repurchase Program.