Item 2. Unregistered Sales of Equity Securities
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
Issuer Purchases of Equity Securities
We may repurchase shares of our common stock from time to time pursuant to our $1.5 billion common stock repurchase authorization, which was approved by our Board of Directors effective October 31, 2023, and which replaced our prior $1.0 billion common stock repurchase authorization. The authorization has no expiration date. During the three months ended December 31, 2023, we repurchased 3.3 million shares of our common stock at a total cost, including commissions and excise taxes, of $398.3 million. At December 31, 2023, there was $1.3 billion remaining on the repurchase authorization. The following table sets forth additional information concerning our common stock repurchases during the quarter.
Period
Total Number of Shares Purchased
Average Price Paid per Share
Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Approximate Dollar Value of Shares that may yet be Purchased Under the Plans or Programs
(In millions)
October 2023 1,912,460 $ 105.40 1,912,460 $ 32.4
November 2023 593,600 125.09 593,600 1,425.8
December 2023 819,090 149.62 819,090 1,303.3
Total 3,325,150 $ 119.81 3,325,150 $ 1,303.3
The share repurchases may be effected through Rule 10b5-1 plans or open market purchases, each in compliance with Rule 10b-18 under the Securities Exchange Act of 1934, as amended (Exchange Act). Shares repurchased in October and December 2023 included 1,912,460 and 632,228 shares, respectively, purchased pursuant to a trading plan under Rule 10b5-1 of the Exchange Act.
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