Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Stock Repurchase Program
In October of 2020, our Board of Directors authorized the repurchase of up to $1 billion of our outstanding shares of common stock through December 31, 2021. As of March 31, 2021, the Company has repurchased shares at an aggregate amount of $316 million under the program. As of March 31, 2021, $0.7 billion of common stock remained available for repurchase under the program. The following table presents information with respect to purchases of our common stock made during the three months ended March 31, 2021 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 1
Total Number of Shares Purchased Average Net Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs 2
Maximum Number (or Approximate Dollar Value) of Shares That May Yet Be Purchased Under the Publicly Announced Plans or Programs (in millions)
January 1, 2021 - January 31, 2021 1.7 $15.67 1.7 $872
February 1, 2021 - February 28, 2021 5.2 $16.12 5.2 787
March 1, 2021 - March 31, 2021 6.4 $16.09 6.4 684
Total 13.3 $16.05 13.3 $684
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1. Amounts are reported based on the trade date of the share repurchase.
2. All shares purchased by the Company were pursuant to the stock repurchase program described in Note 9 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.
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