Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
The table below summarizes our repurchases of common stock during the three months ended March 31, 2024.
Period Total Number
of Shares
Purchased Average Price
Paid per
Share (1)(2)
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)
January 1, 2024 - January 26, 2024 116,315 $ 465.22 116,315 $ 3,571
January 27, 2024 - February 23, 2024 1,971,110 NM (2)
1,971,110 2,505
February 24, 2024 - March 29, 2024 129,283 $ 462.44 129,283 2,446
Total 2,216,708 NM (2)
2,216,708 $ 2,446
(1) Excludes commissions paid and other costs of execution, including taxes.
(2) During the first quarter of 2024, the company entered into an accelerated share repurchase (ASR) agreement with Morgan Stanley to repurchase $1.0 billion of the company’s common stock and received an initial delivery of shares representing 80 percent of the share repurchase agreement.
Share repurchases take place from time to time, subject to market conditions and management’s discretion, in the open market or in privately negotiated transactions. The company retires its common stock upon repurchase and, in the periods presented, has not made any purchases of common stock other than in connection with these publicly announced repurchase programs.
See Note 2 to the financial statements for further information on our share repurchase programs.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.