Item 2. Unregistered Sales of Equity Securities
Item 2 – Unregistered Sales of Securities and Use of Proceeds
On November 7, 2023, the Board of Directors approved an increase to the authorized share repurchase program of $1.0 billion. At September 30, 2024, the Company had authorization to repurchase $1.19 billion in shares of common stock remaining under the share repurchase program.
During the three months ended September 30, 2024, the Company had the following activity with respect to the share repurchase program:
(in millions, except per share amounts) Total Number of Shares Purchased Average Price Paid Per Share Total Cost of Shares Purchased Dollar Value of Shares that May be Purchased Under the Stock Repurchase Program
Period
July 1, 2024 to July 31, 2024 — $ — $ — $ 1,290
August 1, 2024 to August 31, 2024 3.0 24.91 74 1,216
September 1, 2024 to September 30, 2024 1.0 25.38 26 1,190
4.0 $ 25.03 $ 100
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