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 September 30, 2024 are set forth below. During the period from October 1, 2024 to October 23, 2024, the Company repurchased 1.0 million common shares for $115.
Repurchases of Common Stock by the Issuer for the Three Months Ended September 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)
July 1, 2024 - July 31, 2024 1,234,716 $ 103.47 1,219,990 $ 523
August 1, 2024 - August 31, 2024 1,286,590 $ 110.77 1,276,701 $ 3,683
September 1, 2024 - September 30, 2024 1,163,482 $ 117.17 1,163,482 $ 3,548
Total
3,684,788 $ 110.35 3,660,173
[1]Includes 24,615 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 $104.08 in employee tax withholding obligations related to net share settlements in the three months ended September 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 to the authorization covering the period from August 1, 2022 to December 31, 2024, 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. 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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Part II - Item 5. Other Information
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