The board of directors has also authorized a share repurchase program of up to $2B, inclusive of the existing authorization. The company’s share repurchase program could include open market repurchases, accelerated share repurchase programs, tender offers, block trades, potential privately-negotiated transactions, or trading plans intended to comply with the federal securities laws. The company’s dividend increase, and share repurchase program are expected to be funded with cash generated from operations.
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