Common Stock Repurchase Programs

9 Months Ended

Sep. 30, 2025

In January 2023, our Board of Directors authorized a plan to repurchase up to $1.0 billion of our common stock (the “January 2023 Repurchase Program”). The January 2023 Repurchase Program was completed in its entirely in the second quarter of 2025.

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. As of September 30, 2025, we have $928.4 million remaining available for repurchase under the April 2025 Repurchase Program.

The following tables summarize the total repurchases of our common stock pursuant to Accelerated Share Repurchase (“ASR”) agreements and Open Market Repurchase (“OMR”) programs under the January 2023 and April 2025 Repurchase Programs:

Accelerated Share Repurchase Agreements

Agreement
Date

Repurchase
Program

Amount Paid
(in millions)

Completion
Date

Total Shares
Received

Average Price per Share

Q4 2023

January 2023

250.0

Q1 2024

1,086,334

230.13

Open Market Repurchases


Agreement Date	Repurchase Program	Amount Paid (in millions)		Completion Date	Total Shares Received	Average Price per Share
Q4 2023	January 2023	$	100.0	Q4 2023	465,518	$	214.81
Q2 2024	January 2023	$	150.0	Q2 2024	598,302	$	250.73
Q4 2024	January 2023	$	275.0	Q1 2025	1,241,509	$	221.50
Q1 2025	January 2023	$	225.0	Q2 2025	1,339,124	$	168.02
Q3 2025	April 2025	$	71.6	N/A1	523,203	$	136.77

1 On August 5, 2025, we initiated a $200 million open market repurchase program which is expected to be completed in January 2026. The total 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. The amount paid, total shares received and average price per share per the table above are determined as of September 30, 2025.