Stockholders’ Equity (Tables)

6 Months Ended

Jun. 30, 2020

Summary of stock repurchase activity under stock repurchase program

The stock repurchase activity under our stock repurchase programs during the six months ended June 30, 2020 is summarized as follows (in millions, except per share amounts):


	Shares Repurchased ⁽¹⁾	Average Price per Share ⁽²⁾		Value of Shares Repurchased ⁽²⁾		Remaining Amount Authorized
Balance as of January 1, 2020						$	2,151
Authorization of additional plan in January 2020						5,000
Repurchase of shares of common stock	29	$	34.30	$	998	(998)
Accelerated share repurchases ⁽³⁾	69			$	2,550	(2,550)
Unsettled forward contract for share repurchase	—			$	450	(450)
Balance as of June 30, 2020						$	3,153

(1)These repurchased shares of common stock were recorded as treasury stock and were accounted for under the cost method. None of the repurchased shares of common stock have been retired.

(2)Excludes broker commissions.

(3)As indicated above, under the ASR Agreements, we paid an aggregate amount of $3.0 billion to the ASR Counterparties and received an initial delivery of 69 million shares of our common stock. Pursuant to the terms of the ASR Agreements, the final number of shares and the average purchase price will be determined at the end of the applicable purchase periods.