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Stockholders' Equity
 3 Months Ended
Mar. 31, 2024
Equity [Abstract]  
Stockholders' Equity Stockholders' Equity
Dividends
The Company declared quarterly cash dividends on its Class A and Class B common stock as summarized below: 
Three Months Ended March 31,
20242023
(in millions, except per share data)
Dividends declared per share $0.66 $0.57 
Total dividends declared$615 $541 
Common Stock Activity
The following table presents the changes in the Company’s outstanding Class A and Class B common stock:
Three Months Ended March 31,
20242023
 Outstanding SharesOutstanding Shares
 Class AClass BClass AClass B
(in millions)
Balance at beginning of period927.3 7.2 948.4 7.6 
Purchases of treasury stock(4.4)— (8.0)— 
Share-based payments1.2 — 0.9 — 
Conversion of Class B to Class A common stock0.1 (0.1)0.1 (0.1)
Balance at end of period924.2 7.1 941.4 7.5 
In December 2023 and 2022, the Company’s Board of Directors approved share repurchase programs of its Class A common stock authorizing the Company to repurchase up to $11.0 billion and $9.0 billion, respectively. The following table summarizes the Company’s share repurchases of its Class A common stock:
Three Months Ended March 31,
20242023
(in millions, except per share data)
Dollar-value of shares repurchased 1
$1,992 $2,878 
Shares repurchased4.4 8.0 
Average price paid per share$454.23 $361.70 
1The dollar-value of shares repurchased does not include a 1% excise tax. The incremental tax is recorded in treasury stock on the consolidated balance sheet.
As of March 31, 2024, the remaining authorization under the share repurchase programs approved by the Company’s Board of Directors was $12.2 billion.