Equity

3 Months Ended

Mar. 31, 2024

Equity [Abstract]

Equity

14. EQUITY

Equity Repurchase Program

During the three months ended March 31, 2024 and 2023, the Company repurchased $350 (3.8 million shares) and $350 (4.7 million shares), respectively, of common stock under Board authorized share repurchase programs covering the applicable

periods. As of March 31, 2024, the Company has $1.0 billion remaining for equity repurchases under the current $3.0 billion share repurchase program, which is effective until December 31, 2024. During the period April 1, 2024 through April 24, 2024, the Company repurchased $113 (1.1 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