Equity

9 Months Ended

Sep. 30, 2023

Equity [Abstract]

Equity

15. EQUITY

Equity Repurchase Program

During the nine months ended September 30, 2023 and 2022, the Company repurchased $1.05 billion (14.6 million shares) and $1.2 billion (17.4 million shares), respectively, of common stock under Board authorized share repurchase programs covering the applicable periods. As of September 30, 2023, the Company has $1.7 billion remaining for equity repurchases under the current $3.0 billion share repurchase program, which is effective until December 31, 2024. During the period

October 1, 2023 through October 25, 2023, the Company repurchased $122 (1.7 million shares) under this repurchase program.The timing of any repurchases is dependent on several factors, including the market price of the Company's securities, the Company's capital position, consideration of the effect of any repurchases on the Company's financial strength or credit ratings, the Company's blackout periods, and other considerations