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From time to time, we repurchase shares of our common stock pursuant to repurchase programs that are funded from working capital.
−Removed: Our current repurchase program (the "Existing Repurchase Program") allows for stock repurchases of up to $1.2 billion through May 2027.
−Removed: 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").
−Removed: 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: 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 .
−Removed: As of March 31, 2025, the remaining authorized amount for repurchases under the Existing Repurchase Program was $133.9 millio n.
−Removed: In April 2025, we repurchased an additional $100.0 million of our common stock authorized under the Existing Repurchase Program.
−Removed: 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 March 31, 2025 are disclosed as below (in millions, except per share amounts).
−Removed: For further information on our repurchase activities during the quarter ended March 31, 2025, please refer to Note 6.
+Added: The Prior Repurchase Program, which allowed for stock repurchases of up to $1.2 billion, was completed in May 2025, and the New Repurchase Program allows for repurchases of an additional $1.5 billion.
+Added: The New Repurchase Program does 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: During the three months ended June 30, 2025, we repurchased a total of $133.9 million of our common stock under our Prior Repurchase Program and $62.0 million of our common stock under our New Repurchase Program.
+Added: During the six months ended June 30, 2025, we repurchased a total of $921.0 million of our common stock under our Prior Repurchase Program and $62.0 million of our common stock under our New Repurchase Program.
+Added: As of June 30, 2025, the remaining authorized amount for repurchases under the New Repurchase Program was $1.4 billion .
+Added: Our repurchases for the three months ended June 30, 2025 are disclosed as below (in millions, except per share amounts).
+Added: For further information on our repurchase activities during the quarter ended June 30, 2025, please refer to Note 6.
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.
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Approximate Dollar Value of Shares That May Yet Be Purchased Under the Publicly Announced Plans or Programs
−Removed: January 1, 2025 - January 31, 2025 0.9 $ 96.6 0.9 $ 834.1
−Removed: February 1, 2025 - February 28, 2025 4.6 93.9 4.6 402.1
−Removed: March 1, 2025 - March 31, 2025 3.2 83.8 3.2 133.9
−Removed: (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.
+Added: April 1, 2025 - April 30, 2025 1.2 $ 75.9 1.2 $ 33.8
+Added: May 1, 2025 - May 31, 2025 0.9 86.8 0.9 1,459.8
+Added: June 1, 2025 - June 30, 2025 0.3 84.7 0.3 1,438.0
+Added: (1) On May 7, 2024, we announced that on May 3, 2024, our board of directors authorized the Prior Repurchase Program allowing up to $1.2 billion stock repurchases, which was set to expire in May, 2027.
+Added: In May 2025, we completed repurchases under the Prior Repurchase Program.
+Added: On May 6, 2025, we announced that on May 2, 2025 our board of directors authorized the New Repurchase Program allowing up to $1.5 billion stock repurchases.
+Added: The New Repurchase Program expires on the earlier of the repurchase by the Company of $1.5 billion pursuant to the New Repurchase Program or our Board of Directors’ termination of the New Repurchase Program.
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.