Unregistered Sales of Equity Securities and Use of Proceeds.
−Removed: Our stock repurchase activity for each of the three months in the quarter ended September 30, 2023 was:
+Added: Our stock repurchase activity for each of the three months in the quarter ended March 31, 2024 was:
Issuer Purchases of Equity Securities
7 unchanged sentences
Approximate Dollar Value of Shares That May Yet Be Purchased Under the Plans or Programs (2)
−Removed: July 1-31, 2023 786,602 $ 72.92 781,549 $ 5,341
−Removed: August 1-31, 2023 3,243 73.78 — 5,341
−Removed: September 1-30, 2023 1,054 71.23 — 5,341
−Removed: For the Quarter Ended September 30, 2023 790,899 $ 72.92 781,549
+Added: January 1-31, 2024 2,855,262 $ 73.72 2,849,179 $ 4,222
+Added: February 1-29, 2024 3,115,395 73.46 2,554,318 4,034
+Added: March 1-31, 2024 2,307,961 71.43 2,304,960 3,869
+Added: For the Quarter Ended March 31, 2024 8,278,618 $ 72.98 7,708,457
(1) The total number of shares purchased (and the average price paid per share) reflects:
(i) shares purchased pursuant to the repurchase program described in (2) below;
−Removed: and (ii) shares tendered to us by employees who used shares to exercise options and to pay the related taxes for grants of deferred stock that vested, totaling 5,053 shares, 3,243 shares and 1,054 shares for the fiscal months of July, August and September 2023, respectively.
+Added: and (ii) shares tendered to us by employees who used shares to exercise options and to pay the related taxes for grants of deferred stock that vested, totaling 6,083 shares, 561,077 shares and 3,001 shares for the fiscal months of January, February and March 2024, respectively.
(2) Dollar values stated in millions.
−Removed: Effective January 1, 2023, our Board of Directors authorized a program for the repurchase of up to $6.0 billion of our Common Stock through December 31, 2025, excluding excise tax.
−Removed: Since the program inception on January 1, 2023 through September 30, 2023, we have repurchased $659 million.
−Removed: As of September 30, 2023, we had approximately $5.3 billion share repurchase authorization remaining.
+Added: Effective January 1, 2023, our Board of Directors authorized a program for the repurchase of $6.0 billion of our Common Stock through December 31, 2025, excluding excise tax.
+Added: During the year ended December 31, 2023, we repurchased approximately $1.6 billion of Common Stock pursuant to this authorization.
+Added: During the three months ended March 31, 2024, we repurchased $563 million, and as of March 31, 2024, we had approximately $3.9 billion share repurchase authorization remaining.
See related information in Note 11, Stock Plans .
−Removed: (3) As of January 1, 2023, our share repurchases in excess of issuances are subject to a 1% excise tax enacted by the Inflation Reduction Act.
+Added: (3) Our share repurchases in excess of issuances are subject to a 1% excise tax enacted by the Inflation Reduction Act.
Any excise tax incurred on share repurchases is recognized as part of the cost basis of the shares acquired in the consolidated statements of equity.
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.