Stock Repurchase Programs

9 Months Ended

Sep. 30, 2022

Equity [Abstract]

Stock Repurchase Programs

STOCK REPURCHASE PROGRAMS

On September 7, 2021, our Board authorized a reset in the previously existing share repurchase program to $1.0 billion, inclusive of any amounts remaining under the previous authorization as of September 30, 2021, for an additional three years beginning on October 1, 2021. On September 12, 2022, our Board authorized an increase in the existing share repurchase program by $4.0 billion for an additional three years, beginning on October 1, 2022. The following table presents information with respect to repurchases of common stock (in millions, except per share data):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Aggregate common stock repurchased	0.60		0.08		4.97		0.08
Weighted average price paid per share	$	125.34	$	83.97	$	128.73	$	83.97
Total amount paid	$	75	$	6	$	640	$	6

As of September 30, 2022, we had $358 million remaining under our share repurchase program, which increased to approximately $4.4 billion as of October 1, 2022.