Earnings Per Share, Share Repurchases and Dividends on Common Stock (Unaudited) (Tables)

3 Months Ended

Mar. 31, 2012

Share Repurchases

The table below summarizes the company’s share repurchases:

Shares Repurchased
(in millions)

Repurchase Program
Authorization Date

Amount
Authorized
(in millions)

Total
Shares Retired
(in millions)

Average

Price
Per Share⁽²⁾

Three Months Ended
March 31

2012

2011

June 16, 2010⁽¹⁾

$4,245

48.5

$57.63

4.4

0.1

(1)

On June 16, 2010, the company’s board of directors authorized a share repurchase program of up to $2.0 billion of the company’s common stock. On April 25, 2011, after the company had repurchased shares totaling $245 million, the company’s board of directors authorized an increase to the remaining share repurchase authorization to $4.0 billion. As of March 31, 2012, the company had $1.4 billion remaining under this authorization for share repurchases.


(2)	Calculated as the average price paid per share under the respective repurchase program, including commissions paid.