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(c) Issuer Purchase of Equity Securities
−Removed: In October 2021, our board of directors authorized a $1.0 billion stock repurchase program (the “Prior Repurchase Program”).
−Removed: This authorization allows us to repurchase shares of our common stock that will be funded from working capital and expires in the fourth quarter of 2024.
−Removed: In May 2024, our board of directors authorized an additional $1.2 billion stock repurchase program (the “New Repurchase Program” and together with the Existing Repurchase Program, the "Repurchase Programs"), which allows us to repurchase shares of our common stock to be funded from working capital.
−Removed: Repurchases under the Repurchase Programs may be made at management's discretion from time to time on the open market, through privately negotiated transactions, transactions structured through investment banking institutions, block purchase techniques, 10b5-1 trading plans, or a combination of the foregoing.
+Added: From time to time, we repurchase shares of our common stock pursuant to repurchase programs that are funded from working capital.
+Added: Our current repurchase program (the "Existing Repurchase Program") allows for stock repurchases of up to $1.2 billion through May 2027.
+Added: In May 2025, our board of directors authorized and announced a new $1.5 billion stock repurchase program (the “New Repurchase Program” and together with the Existing Repurchase Program, the "Repurchase Programs").
The Repurchase Programs do not obligate us to acquire any of our common stock and may be suspended or discontinued by the Company at any time without prior notice.
−Removed: Our repurchases for the three months ended September 30, 2024 are disclosed as below (in thousands, except per share amounts).
−Removed: For further information on our repurchase activities during the quarter ended September 30, 2024, please refer to
−Removed: Stockholders' Equity and Stock-Based Compensation of the Notes to Consolidated Financial Statements included in Part I, Item 1, of this Quarterly Report on Form 10-Q.
−Removed: Total Number of Shares Purchased Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Approximate Dollar Value of Shares That May Yet Be Purchased Under the Publicly Announced Plans or Programs
−Removed: July 1, 2024 - July 31, 2024 — $ — — $ 1,109,807
−Removed: August 1, 2024 - August 31, 2024 — — — 1,109,807
−Removed: September 1, 2024 - September 30, 2024 205 318.14 205 1,044,650
+Added: During the three months ended March 31, 2025, we repurchase d a total of $787.1 million of our common stock under our Existing Repurchase Program .
+Added: As of March 31, 2025, the remaining authorized amount for repurchases under the Existing Repurchase Program was $133.9 millio n.
+Added: In April 2025, we repurchased an additional $100.0 million of our common stock authorized under the Existing Repurchase Program.
+Added: The Repurchase Programs do not obligate us to acquire any of our common stock, and may be suspended or discontinued by the company at any time without prior notice.
+Added: Our repurchases for the three months ended March 31, 2025 are disclosed as below (in millions, except per share amounts).
+Added: For further information on our repurchase activities during the quarter ended March 31, 2025, please refer to Note 6.
+Added: S tockholders' Equity and Stock-Based Compensation of the Notes to Consolidated Financial Statements included in Part I, Item 1, of this Quarterly Report on Form 10-Q.
+Added: Total Number of Shares Purchased Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (1)
+Added: Approximate Dollar Value of Shares That May Yet Be Purchased Under the Publicly Announced Plans or Programs
+Added: January 1, 2025 - January 31, 2025 0.9 $ 96.6 0.9 $ 834.1
+Added: February 1, 2025 - February 28, 2025 4.6 93.9 4.6 402.1
+Added: March 1, 2025 - March 31, 2025 3.2 83.8 3.2 133.9
+Added: (1) On May 7, 2024, we announced that on May 3, 2024, our board of directors authorized as $1.2 billion stock repurchase, which will expire in May, 2027.
Defaults Upon Senior Securities
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.