XML 63 R22.htm IDEA: XBRL DOCUMENT v2.4.0.8
Repurchase of CenturyLink Common Stock
9 Months Ended
Sep. 30, 2013
Equity [Abstract]  
Repurchase of CenturyLink Common Stock
Repurchase of CenturyLink Common Stock
In February 2013, the board of directors authorized us to repurchase up to $2 billion of our outstanding common stock. During the nine months ended September 30, 2013, we repurchased 35.2 million shares of our outstanding common stock in the open market. These shares were repurchased for an aggregate market price of $1.24 billion, or an average purchase price of $35.09 per share. The repurchased common stock has been retired. As of September 30, 2013, we had approximately $764 million in stock remaining available for repurchase under the Stock Repurchase Program. The figures set forth above exclude shares that, as of September 30, 2013, we had agreed to purchase under the program for $18 million, or an average purchase price of $31.76 per share, in transactions that settled early in the fourth quarter of 2013.