20 unchanged sentences
November 1, 2022 – November 30, 2022
−Removed: Share Repurchase Program (A) 1,946,598 $ 178.26 1,946,598 $ 959,502 (C)
+Added: Share Repurchase Program (A) 1,332,783 $ 147.01 1,332,783 $ 484,973
Employee Transactions (B) 691 $ 145.44 N/A N/A
2 unchanged sentences
Employee Transactions (B) — $ — N/A N/A
−Removed: Share Repurchase Program (A) 3,556,498 $ 171.68 3,556,498 $ 695,906 (C)
+Added: Share Repurchase Program (A) 2,941,079 $ 147.90 2,941,079 $ 310,909
Employee Transactions (B) 691 $ 145.44 N/A N/A
−Removed: (A) In each of February 2021 and March 2021, our Board of Directors increased the size of our share repurchase program by $1 billion.
−Removed: Since the share repurchase program's inception in May 2003, our Board of Directors has authorized $11 billion of share repurchases of our common stock through December 31, 2021.
−Removed: The share repurchase authority has no set expiration or termination date.
−Removed: In February 2022, our Board of Directors authorized the Company to repurchase an additional $1 billion of our common stock, which is in addition to the $0.7 billion that was available as of December 31, 2021 under our share repurchase program.
+Added: (A) In February 2022, our Board of Directors increased the size of our share repurchase program by $1 billion.
+Added: As of December 31, 2022, $ 0.3 billion remained available under our share repurchase authorization.
+Added: In February 2023, we announced that our Board of Directors authorized us to repurchase an additional $ 1 billion of our common stock.
+Added: Since the share repurchase program's inception in May 2003, our Board of Directors has authorized $13 billion of share repurchases of our common stock, including the $1 billion increase in February 2023.
+Added: The share repurchase authorization has no set expiration or termination date.
(B) Includes:
1 unchanged sentence
and (2) shares withheld (under the terms of grants under the Amended and Restated Employee Long-Term Incentive Plan) to offset tax withholding obligations that occur upon the delivery of outstanding common shares underlying restricted share units and performance share units.
−Removed: (C) Includes the reclassification of $300 million from additional paid-in capital to treasury stock and the final delivery of 1,640,193 shares associated with the completion of the April 2021 accelerated share repurchase agreements ("ASRs").
−Removed: See Note 16 to the audited consolidated financial statements for further information regarding the ASRs.
Performance Graph
16 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.