Quarterly report pursuant to Section 13 or 15(d)

Share Repurchase Programs

v3.23.2
Share Repurchase Programs
 6 Months Ended
Jun. 30, 2023
Equity [Abstract]  
Share Repurchase Programs SHARE REPURCHASE PROGRAMS
On September 7, 2021, our board of directors (our “Board”) authorized a reset in the previously existing share repurchase program to $1.0 billion, inclusive of any amounts remaining under the previous authorization as of September 30, 2021, for an additional three years beginning on October 1, 2021. On September 12, 2022, our Board authorized an increase in the existing share repurchase program by $4.0 billion for an additional three years, beginning on October 1, 2022. The following table presents information with respect to common stock repurchased under our share repurchase program (in millions, except per share data):
Three Months Ended June 30, Six Months Ended June 30,
2023 2022 2023 2022
Total shares repurchased 2.30  4.13  5.36  4.37 
Weighted average price paid per share $ 146.56  $ 130.64  $ 146.90  $ 129.20 
Total cost of repurchases (1) $ 337  $ 540  $ 788  $ 565 
(1)Amount excludes associated commission fees and excise taxes incurred, which are excluded costs under the repurchase program.

As of June 30, 2023, we had approximately $2.8 billion remaining under our share repurchase program.