In a regulatory filing, the company stated, “On May 22, 2025, the Board approved an increase to the company’s previously announced share repurchase program, authorizing the purchase of up to an aggregate of $1 billion of the company’s common stock, up from the $750 million authorized in the aggregate by the Board in June 2024 and November 2024. Approximately $218 million of capacity was remaining under the Existing Share Repurchase Program as of March 31, 2025. The Share Repurchase Program has no expiration date.”
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