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SHARE REPURCHASE PROGRAMS | 3 Months Ended
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Mar. 31, 2024
Share Repurchase Programs [Abstract] |
SHARE REPURCHASE PROGRAMS | SHARE REPURCHASE PROGRAMS We currently maintain two share repurchase programs approved by our board of directors in October 2023. The first program authorized management to repurchase up to 2 million shares issued to employees under our employee stock plans since August 31, 2023, under a new anti-dilutive program (the "2023 Anti-Dilutive Program"). The second program grants management discretion to repurchase up to 2 million shares of common stock over a period of two years under a new discretionary share repurchase program (the "October 2023 Discretionary Program"). Both the 2023 Anti-Dilutive Program and the October 2023 Discretionary Program commenced October 12, 2023, and expire October 12, 2025. Share repurchases under both programs can be made from time to time using our working capital and other borrowing sources. Shares are repurchased under open-market transactions and trading plans established pursuant to Rule 10b5-1 of the Securities Exchange Act of 1934. The timing and actual number of shares repurchased are subject to market conditions, legal requirements and other factors, including balance sheet leverage, availability of acquisitions and stock price. The discretionary share repurchase programs are designed to provide management with capital structure flexibility while concurrently managing objectives related to balance sheet leverage, acquisition opportunities, and shareholder returns. The anti-dilutive share repurchase programs are designed to mitigate the dilutive impact of shares issued under our employee stock plans. The following table provides the activity for shares repurchased and retired:
|  | Three months ended March 31, |  |  |  |  |
|  | 2024 |  | 2023 |  |  |  |
(In millions) |  | Shares |  | Amount |  | Shares |  | Amount |  |  |  |  |  |  |  |
2023 Anti-Dilutive Program |  | 0.3 |  |  | $ | 37 |  |  | — |  |  | $ | — |  |  |  |  |  |  |  |  |
2021 Anti-Dilutive Program |  | — |  |  | — |  |  | 0.5 |  |  | 45 |  |  |  |  |  |  |  |  |
Anti-Dilutive Programs |  | 0.3 |  |  | 37 |  |  | 0.5 |  |  | 45 |  |  |  |  |  |  |  |  |
October 2023 Discretionary Program |  | 0.1 |  |  | 14 |  |  | — |  |  | — |  |  |  |  |  |  |  |  |
Discretionary Programs |  | 0.1 |  |  | 14 |  |  | — |  |  | — |  |  |  |  |  |  |  |  |
Total |  | 0.5 |  | $ | 51 |  |  | 0.5 |  | $ | 45 |  |  |  |  |  |  |  |  |
_____________________ Amounts in the table may not be additive due to rounding.

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- Definition Share Repurchase Programs. + References No definition available. + Details
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- Definition The entire disclosure for treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//505-30/tableOfContent + Details
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