Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equ ity Securities and Use of Proceeds
Our Board of Directors has approved a program for us to repurchase shares of our common stock. As of November 30, 2023, approximately $7.6 billion remained available for stock repurchases pursuant to our stock repurchase program.
Our stock repurchase authorization does not have an expiration date and the pace of our repurchase activity will depend on factors such as our working capital needs, our cash requirements for acquisitions and dividend payments, our debt repayment obligations or repurchases of our debt, our stock price, and economic and market conditions. Our stock repurchases may be effected from time to time through open market purchases or pursuant to a Rule 10b5-1 trading plan. Our stock repurchase program may be accelerated, suspended, delayed or discontinued at any time.
The following table summarizes the stock repurchase activity for the three months ended November 30, 2023 and the approximate dollar value of shares that may yet be purchased pursuant to our stock repurchase program:
(in millions, except per share amounts)
Total Number of
Shares
Purchased
Average Price
Paid per
Share
Total Number of
Shares Purchased as
Part of Publicly
Announced
Program
Approximate Dollar
Value of Shares that
May Yet Be
Purchased
Under the Program
September 1, 2023—September 30, 2023
3.6
$
112.48
3.6
$
7,604.7
October 1, 2023—October 31, 2023
0.3
$
107.44
0.3
$
7,575.6
November 1, 2023—November 30, 2023
0.1
$
114.02
0.1
$
7,562.2
Total
4.0
$
112.18
4.0
37
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