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

3 Months Ended

Mar. 31, 2013

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

2013

2012

June 16, 2010⁽¹⁾

$5,350

71.5

$60.07

6.5

4.4

(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. Following this initial authorization, the board of directors increased the remaining repurchase authorization to $4.0 billion in April 2011. After further repurchases reduced the remaining authorization to less than $1 billion, the board of directors again increased the remaining authorization to $2.0 billion in September 2012. As of March 31, 2013, our repurchases under the program totaled $4.3 billion, and $1.0 billion remained under this share repurchase authorization. The repurchase program will expire when we have used all authorized funds for repurchase.


(2)	Includes commissions paid.