Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
In March 2022, the Board of Directors authorized a program to repurchase up to $10.0 billion of our common stock, with no fixed expiration, which replaced the previous $5.0 billion stock repurchase authorization, approved by the Board of Directors in February 2016. We repurchased 27.5 million shares of our common stock for $3.3 billion during the three months ended June 30, 2022 under the program. The table below sets forth information regarding the Company’s purchases of its common stock during three months ended June 30, 2022 (in millions, except per share data):
Total Number of Shares Purchased Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Program Approximate Dollar Value of Shares that May Yet be Repurchased Under the Program
April 1 - April 30, 2022
8.5 $ 138 8.5 $ 8,266
May 1 - May 31, 2022
13.7 117 13.7 6,675
June 1 - June 30, 2022
5.3 106 5.3 6,119
Total 27.5 27.5
All repurchases disclosed in the table were pursuant to the March 2022 Board of Directors’ authorization.
Item 3. Defaults Upon Senior Securities
None.
Item 4. Mine Safety Disclosures
Not applicable.
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.