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STOCKHOLDERS’ EQUITY (Tables)
12 Months Ended
Dec. 31, 2023
Equity [Abstract]  
Stock repurchase activity under current stock repurchase program
The following table summarizes share repurchase activity under our Share Repurchase Program:
($ in millions, except per share amounts)Number of Shares RepurchasedCost Basis of Shares RepurchasedAverage Price Paid per Share
As of December 31, 202222,773,218 $2,119 $93.06 
For the year ended December 31, 20232,367,855 286 $120.55 
As of December 31, 202325,141,073 $2,405 $95.65 
Cash dividend declared
We declared cash dividends to holders of common stock during the year ended December 31, 2023 as follows. Any future dividend payments will be subject to the restrictions imposed under the agreements covering our debt, and Board approval. There can be no assurance that we will pay dividends in the future.
Declaration Date
Stockholder Record Date
Distribution DateDividend per Share
February 16, 2023March 2, 2023March 16, 2023$0.72
May 11, 2023May 25, 2023June 8, 2023$0.72
September 7, 2023September 21, 2023October 5, 2023$0.72
December 7, 2023December 21, 2023January 4, 2024$0.76