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

12 Months Ended

Dec. 31, 2023

The table below summarizes the company’s share repurchases to date under the authorizations described above:


Repurchase Program Authorization Date	Amount Authorized (in millions)		Total Shares Retired (in millions)	Average Price Per Share(1)		Date Completed	Shares Repurchased (in millions)

							Year Ended December 31
							2023	2022	2021
December 4, 2018	$	3,000	8.9	$	337.18	October 2021	—	—	8.4
January 25, 2021	$	3,000	7.0	$	431.05	April 2023	1.4	3.3	2.2
January 24, 2022	$	2,000	1.9	$	454.03		1.9	—	—
December 6, 2023	$	2,500	—	$	—		—	—	—
							3.3	3.3	10.6

(1)As a part of the 2023 Repurchase Program, the board of directors approved that the purchases under this program, and the authorization remaining under the 2022 program, be exclusive of brokerage commissions. Commissions paid are included for the 2018 and 2021 Repurchase Programs.