Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Repurchase of equity securities
In May 2024, our Board of Directors authorized a new stock repurchase program through which we may repurchase shares of our common stock in an aggregate amount of up to $3 billion with no fixed expiration. Under our stock repurchase program, shares may be repurchased on the open market and through accelerated stock repurchase transactions. As of June 28, 2024, we have $2,728 million remaining authorized to be completed in future periods with no expiration date. Stock repurchases during the three months ended June 28, 2024, were as follows:
(In millions, except per share data) Total Number of Shares Purchased (1)
Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Program Maximum Dollar Value of Shares That May Yet Be Purchased Under the Plans or Programs
March 30, 2024 to April 26, 2024 — $ — — $ 3,000
April 27, 2024 to May 24, 2024 5 $ 24.71 5 $ 2,878
May 25, 2024 to June 28, 2024 6 $ 24.70 6 $ 2,728
Total number of shares repurchased 11 11
(1) The number of shares repurchased is reported on trade date.
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