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Share Repurchase Program | 6 Months Ended
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Jun. 30, 2026
Share Repurchase Program [Abstract] |
Share Repurchase Program | Note 16. Share Repurchase Program On July 26, 2024, our Board of Directors approved a new share repurchase authorization of up to $650 million of our common stock over the three-year period from September 4, 2024 through September 4, 2027. Purchases under this repurchase program may be made from time to time by the company in the open market at prevailing market prices (including through Rule 10b5-1 Plans), in privately negotiated transactions, or through any combination of these methods, through September 4, 2027. The actual timing, number, manner and value of any shares repurchased will depend on several factors, including the market price of the company’s stock, general market and economic conditions, the company’s liquidity requirements, applicable legal requirements and other business considerations. The repurchase program does not obligate us to acquire any number of shares in any specific period or at all and may be suspended or discontinued at any time at our discretion. As of June 30, 2026, we had $178 million remaining available for future repurchases under this program. A summary of repurchases of outstanding shares is as follows:
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
(In millions, except per share data) |  | 2026 |  |  | 2025 |  |  | 2026 |  |  | 2025 |
Number of shares purchased |  |  |  | 1,411,389 |  |  |  |  | 1,414,662 |  |  |  |  | 2,370,304 |  |  |  |  | 2,854,745 |
Average price paid per share(1) |  | $ |  | 64.48 |  |  | $ |  | 45.41 |  |  | $ |  | 63.70 |  |  | $ |  | 47.01 |
Cost of shares purchased(1) |  | $ |  | 91 |  |  | $ |  | 64 |  |  | $ |  | 151 |  |  | $ |  | 134 |
(1) The average price paid per share and the cost of shares purchased are calculated on a trade date basis and exclude associated commissions and taxes of $1 million for each of the three months ended June 30, 2026 and 2025, and $2 million and $1 million for the six months ended June 30, 2026 and 2025, respectively.

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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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