The company today also announced that the company’s Board of Directors authorized a new $1.3 billion stock repurchase program, which replaces the company’s prior share repurchase program authorized by the Board in 2021. The new stock repurchase authorization has no expiration date. Purchases by the company under the new share repurchase program may be made from time to time in open market or private transactions in such manner as may be deemed advisable from time to time and may be discontinued at any time.
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