Share Repurchase Plan

12 Months Ended

Dec. 31, 2016

18. Share Repurchase Plan

In 2013, our Board of Directors authorized the repurchase of up to $4.0 billion in aggregate purchase price of our common stock. In May 2014, the Board of Directors approved an increase in the program to $6.5 billion. Repurchases under this program to date have been as follows:

	2016		2015		2014		To Date
	(In millions)
Total cost of shares repurchased	$	—	$	91	$	3,722	$	5,351
Total number of shares repurchased		—		1.45		43.35		64.11

As of December 31, 2016, we are authorized, but not required, to purchase additional common stock up to a value of $1.15 billion.