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Stockholders' Equity | 9 Months Ended
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Sep. 30, 2024
Equity [Abstract] |
Stockholders' Equity | Equity Common Stock, par value $0.001 per share We are authorized to issue up to 900 shares of common stock. There were 339 and zero shares of common stock issued and outstanding on September 30, 2024 and December 31, 2023, respectively. As of September 30, 2024, there were 30 shares of common stock reserved for issuance in connection with outstanding stock-based awards to members of our board of directors, employees and third parties. Transactions with Former Parent, net As of December 31, 2022, approximately 1.8 notional shares represented a 2.9% intergroup interest in the Liberty Braves Group previously held by SplitCo and approximately 4.2 notional shares represented a 1.7% intergroup interest in the Liberty Formula One Group ("Formula One Group") previously held by the SplitCo. During March 2023, the Formula One Group paid approximately $202 to SplitCo to settle a portion of the intergroup interest in the Formula One Group held by SplitCo, as a result of the repurchase of a portion of Liberty Media's 1.375% Cash Convertible Senior Notes due 2023. On July 12, 2023, the Formula One Group paid approximately $71 to SplitCo to settle and extinguish the remaining intergroup interest in the Formula One Group held by SplitCo. On July 18, 2023, Liberty Media completed the split-off of Atlanta Braves Holdings, Inc. through a redemption of each outstanding share of Liberty Braves common stock in exchange for one share of the corresponding series of Atlanta Braves Holdings, Inc. common stock. The intergroup interest in the Liberty Braves Group attributed to SplitCo was settled and extinguished through the attribution of Atlanta Braves Holdings, Inc. Series C common stock on a one-for-one basis equal to the number of notional shares representing the intergroup interest. Sirius XM Holdings equity activity All share and per share amounts have been adjusted to reflect the conversion of Old Sirius shares into SplitCo common stock on a one-for-ten basis. Quarterly Dividends During the nine months ended September 30, 2024 and 2023, our board of directors declared and paid the following dividends:
Declaration Date |  | Dividend Per Share |  | Record Date |  | Total Amount (1) |  | Payment Date
2024 dividends |  |  |  |  |  |  |  |
January 24, 2024 |  | $ | 0.266 |  |  | February 9, 2024 |  | $ | 102 |  |  | February 23, 2024
April 24, 2024 |  | $ | 0.266 |  |  | May 10, 2024 |  | $ | 103 |  |  | May 29, 2024
July 24, 2024 |  | $ | 0.266 |  |  | August, 9, 2024 |  | $ | 103 |  |  | August 26, 2024
2023 dividends |  |  |  |  |  |  |  |
January 25, 2023 |  | $ | 0.242 |  |  | February 9, 2023 |  | $ | 94 |  |  | February 24, 2023
April 19, 2023 |  | $ | 0.242 |  |  | May 5, 2023 |  | $ | 94 |  |  | May 24, 2023
July 26, 2023 |  | $ | 0.242 |  |  | August 8, 2023 |  | $ | 93 |  |  | August 30, 2023
(1)During the three months ended September 30, 2024 and 2023, we paid dividends of $17 and $15, respectively, to noncontrolling interests. During the nine months ended September 30, 2024 and 2023, we paid dividends of $51 and $48, respectively, to noncontrolling interests. Stock Repurchase Program As of September 30, 2024, our board of directors approved for repurchase an aggregate of $1,166 of our common stock. The board of directors did not establish an end date for this stock repurchase program. Shares of common stock may be purchased from time to time on the open market, pursuant to pre-set trading plans meeting the requirements of Rule 10b5-1 under the Exchange Act, in privately negotiated transactions, including in accelerated stock repurchase transactions, or otherwise. We intend to fund any stock repurchases through a combination of cash on hand, cash generated by operations and future borrowings. The size and timing of any purchases will be based on a number of factors, including price and business and market conditions. We did not repurchase any shares of common stock during the three and nine months ended September 30, 2024 Prior to the closing of the Transactions, the board of directors of Old Sirius had approved the repurchase of an aggregate of $18,000 of its common stock. As of the closing of the Transactions, Old Sirius' cumulative repurchases since December 2012 under that stock repurchase program totaled 373 shares for $16,834, and $1,166 remained available under that stock repurchase program. The stock repurchase program of Old Sirius was terminated on the closing date of the Transactions. The following table summarizes our total share repurchase activity for the nine months ended:
|  | September 30, 2024 |  | September 30, 2023 |  |
Share Repurchase Type |  | Shares |  | Amount |  | Shares |  | Amount |  |  |  |
Open Market Repurchases |  | — |  |  | $ | — |  |  | 7 |  |  | $ | 274 |  |  |  |  |

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