Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Stock Repurchase Program
In July of 2019, our Board of Directors authorized the repurchase of up to $1 billion of our outstanding shares of common stock through December 31, 2020. As of September 30, 2020, the Company has repurchased shares at an aggregate amount of $403 million under the program. As of September 30, 2020, $597 million of common stock remained available for repurchase under the program. See also Note 11. Subsequent Events of our Consolidated Financial Statements in this Form 10-Q for additional information pertaining to our common stock repurchase program. The following table presents information with respect to purchases of our common stock made during the three months ended September 30, 2020 by us or any "affiliated purchaser" of us, as defined in Rule 10b-18(a)(3) under the Exchange Act (in millions, except per share amounts):
Period Total Number of Shares Purchased Average Net Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs 1
Maximum Number (or Approximate Dollar Value) of Shares That May Yet Be Purchased Under the Publicly Announced Plans or Programs (in millions)
July 1, 2020 - July 31, 2020 0.0 $— 0.0 $750
August 1, 2020 - August 31, 2020 5.9 $13.92 5.9 669
September 1, 2020 - September 30, 2020 5.1 $13.98 5.1 597
Total 11.0 $13.95 11.0 $597
___________________________
1. All shares purchased by the Company were pursuant to the stock repurchase program described in Note 10 of our accompanying Consolidated Financial Statements in this Form 10-Q.
Item 3. Defaults upon Senior Securities
None.
Item 4. Mine Safety Disclosures
Not applicable.
48
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.