Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Stock Repurchase Program
In October of 2021, our Board of Directors authorized the repurchase of up to $1 billion of our outstanding shares of common stock through December 31, 2022. As of June 30, 2022, the Company has repurchased shares at an aggregate amount of $93 million under the program. As of June 30, 2022, $0.9 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 June 30, 2022 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)
April 1, 2022 - April 30, 2022 0.0 $0.00 0.0 $958
May 1, 2022 - May 31, 2022 0.0 $0.00 0.0 958
June 1, 2022 - June 30, 2022 4.7 $10.78 4.7 907
Total 4.7 $10.78 4.7 $907
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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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