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SHARE REPURCHASE PROGRAMS | 3 Months Ended
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Mar. 31, 2025
Share Repurchase Programs [Abstract] |
SHARE REPURCHASE PROGRAMS | SHARE REPURCHASE PROGRAMS We currently maintain two share repurchase programs approved by our board of directors. The first program authorizes management to repurchase up to 2 million shares of common stock issued to employees under our employee stock plans since August 31, 2023, under an 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 discretionary share repurchase program (the "October 2024 Discretionary Program"). 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. Shares are retired upon repurchase. The following table provides the activity for shares repurchased and retired:
|  | Three months ended March 31, |  |
|  | 2025 |  | 2024 |  |  |  |
(In millions) |  | Shares |  | Amount |  | Shares |  | Amount |  |  |  |  |  |  |  |
2023 Anti-Dilutive Program (1) |  | 0.3 |  |  | $ | 54 |  |  | 0.3 |  |  | $ | 37 |  |  |  |  |  |  |  |  |
October 2024 Discretionary Program (2) |  | 0.7 |  |  | 113 |  |  | — |  |  | — |  |  |  |  |  |  |  |  |
October 2023 Discretionary Program (expired in September 2024) |  | — |  |  | — |  |  | 0.1 |  |  | 14 |  |  |  |  |  |  |  |  |
Discretionary Programs |  | 0.7 |  |  | 113 |  |  | 0.1 |  |  | 14 |  |  |  |  |  |  |  |  |
Total |  | 1.1 |  | $ | 167 |  |  | 0.5 |  | $ | 51 |  |  |  |  |  |  |  |  |
_____________________ (1)Program commenced October 2023 and expires October 2025. (2)Program commenced October 2024 and expires October 2026. 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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