Annual report [Section 13 and 15(d), not S-K Item 405]

Shareholders' Equity

v3.25.0.1
Shareholders' Equity
 12 Months Ended
Dec. 31, 2024
Equity [Abstract]  
Shareholders' Equity
NOTE 12 — SHAREHOLDERS' EQUITY

Since the inception of the Company's stock repurchase plan in 2004 through December 31, 2024, the Company's Board of Directors has authorized the repurchase of $2.6 billion of the Company's common stock, excluding excise tax. Shares of the Company's common stock may be purchased in the open market or through privately negotiated transactions, subject to market conditions, and generally settle subsequent to the trade date. The repurchase program does not obligate the Company to acquire any specific number of shares or to acquire shares over any specified period of time.
Under this program as of December 31, 2024, the Company had repurchased 38.0 million shares at an aggregate purchase price of $1,972.4 million and had $627.6 million remaining available under the share repurchase program, excluding excise tax. During the years December 31, 2024 and 2023, the Company repurchased an aggregate of $317.8 million and $184.0 million, respectively, of common stock under this program, excluding excise tax.