8 unchanged sentences
The Company repurchases shares of its common stock as part of capital allocation programs authorized by our Board of Directors.
−Removed: We announced in December 2020 that the Board of Directors has authorized up to $1.35 billion in future share repurchases, which supersedes and replaces remaining authority under any prior Board of Directors’ authorization for share repurchases.
−Removed: During 2020, we repurchased an aggregate of $402 million of our common stock under accelerated share repurchase agreements and open market repurchases, which equated to 3.7 million shares with a weighted average price per share of $108.92.
+Added: During 2021, we allocated an aggregate of $1.35 billion in cash under our accelerated share repurchase (“ASR”) agreements.
+Added: As of December 31, 2021, we had received 8.7 million shares with a weighted average price per share of $146.61.
+Added: In January 2022, we completed our ASR agreement executed in December 2021, at which time we received an additional 0.4 million shares.
See Note 13 to the Consolidated Financial Statements for additional information.
+Added: The following table summarizes common stock repurchases made during the fourth quarter of 2021 (shares in millions):
+Added: Issuer Purchases of Equity Securities
+Added: Total Number of
+Added: Shares Purchased as
+Added: Approximate Maximum
+Added: Part of Publicly
+Added: Dollar Value of Shares that
+Added: Announced Plans or
+Added: May Yet be Purchased Under
+Added: the Plans or Programs
+Added: October 1 — 31
+Added: November 1 — 30
+Added: December 1 — 31
+Added: (a) In August 2021, we entered into an ASR agreement to repurchase $500 million of our common stock.
+Added: At the beginning of the repurchase period, we delivered $500 million in cash and received 2.7 million shares based on a stock price of $147.27.
+Added: The ASR agreement completed in the fourth quarter of 2021, at which time we received 0.5 million additional shares based on a final weighted average price of $154.72.
+Added: In December 2021, we executed an ASR agreement to repurchase $350 million of our common stock.
+Added: At the beginning of the repurchase period, we delivered $350 million in cash and received 1.7 million shares based on a stock price of $160.67.
+Added: The ASR agreement completed in January 2022, at which time we received 0.4 million additional shares based on a final weighted average price of $160.33.
+Added: The “Average Price Paid per Share” in the table represents the final weighted average price per share paid for the ASR agreement executed in August 2021 and the initial price per share paid for the ASR agreement executed in December 2021.
+Added: We announced in December 2021 that the Board of Directors has authorized up to $1.5 billion in future share repurchases.
Any future share repurchases will be made at the discretion of management and will depend on various factors including our net earnings, financial condition and cash required for future business plans, growth and acquisitions.
−Removed: Selected Financial Data .
−Removed: The statement of operations data for the years ended December 31, 2020, 2019 and 2018, and the balance sheet data as of December 31, 2020 and 2019, are presented in the Consolidated Financial Statements included in Part II, Item 8.
−Removed: The statement of operations data for the years ended December 31, 2017 and 2016, and the balance sheet data as of December 31, 2018, 2017 and 2016, are not included in this Annual Report on Form 10-K, and are provided in Part II, Item 8 of our Annual Reports on Form 10-K for the years ended December 31, 2018 and 2017.
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.