The Company announced that on February 4, 2025, its Board of Directors authorized the repurchase of up to $1 billion of shares of the Company’s outstanding common stock over the next two years on the open market or in privately negotiated transactions or otherwise, in accordance with applicable securities laws. The new $1 billion share repurchase authorization announced replaces the existing authorization, which was set to expire on January 29, 2026, and which had $409 million remaining.
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