Item 2. Unregistered Sales of Equity Securities
Item 2.
UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
PURCHASES OF EQUITY SECURITIES BY THE ISSUER
Repurchases of common stock by the Company during the quarter ended June 30, 2024 are set forth below. During the period from July 1, 2024 to July 24, 2024, the Company repurchased 1.0 million shares for $105.
Repurchases of Common Stock by the Issuer for the Three Months Ended June 30, 2024
Period Total Number
of Shares
Purchased [1] 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 [2]
(in millions)
April 1, 2024 - April 30, 2024 1,436,054 $ 100.19 1,430,035 $ 856
May 1, 2024 - May 31, 2024 1,184,637 $ 101.56 1,180,121 $ 737
June 1, 2024 - June 30, 2024 896,968 $ 101.61 889,722 $ 648
Total
3,517,659 $ 101.01 3,499,878
[1]Includes 17,781 shares in net settlement of employee tax withholding obligations related to equity awards under the Company's incentive stock plans, which were not part of publicly announced share repurchase authorizations. The Company paid an average price per share of $101.33 in employee tax withholding obligations related to net share settlements in the three months ended June 30, 2024.
[2]On July 28, 2022, the Board of Directors approved a share repurchase authorization for up to $3.0 billion effective from August 1, 2022 to December 31, 2024. In addition, on July 25, 2024, the Board of Directors approved a share repurchase authorization for up to $3.3 billion effective from August 1, 2024 to December 31, 2026, which is not reflected in the table above. The timing of any repurchases is dependent on several factors, including the market price of the Company's securities, the Company's capital position, consideration of the effect of any repurchases on the Company's financial strength or credit ratings, the Company's blackout periods, and other considerations.
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