NOTE 10 – SHARE REPURCHASE PROGRAM

In January of 2011, the Company’s Board of Directors approved a share repurchase program. Under the program, the Company may, from time to time, repurchase shares of its common stock, solely through open market purchases effected through a broker dealer at prevailing market prices, based on a variety of factors such as price, corporate trading policy requirements and overall market conditions, for a three-year period. The Company and its Board of Directors may increase or otherwise modify, renew, suspend or terminate the share repurchase program at any time, without prior notice. During 2013, the Company announced that its Board of Directors approved a resolution to increase the cumulative authorization amount by an additional $500 million, which is effective for a three-year period and expires May 29, 2016. As of December 31, 2013, the cumulative authorization amount under the program was $3.5 billion. On February 5, 2014, the Company announced that its Board of Directors approved a resolution to increase the cumulative authorization amount by an additional $500 million, which is effective for a three-year period and expires February 5, 2017. As of February 5, 2014, the cumulative authorization amount under the program was $4.0 billion.

The following table identifies shares of the Company’s common stock that have been repurchased as part of the Company’s publicly announced share repurchase program (in thousands, except per share data):



	For the Year Ended December 31,
	2013		2012
Shares repurchased	8,529		16,201
Average price per share	$	109.38	$	89.20
Total investment	$	932,900	$	1,445,044

As of December 31, 2013, the Company had $145.7 million remaining under its share repurchase program. Subsequent to the end of the year and through February 28, 2014, the Company did not repurchase a material number of shares of its common stock. The Company repurchased a total of 40.6 million shares of its common stock under its share repurchase program since the inception of the program in January of 2011 and through February 28, 2014, at an average price of $82.61 for a total aggregate investment of $3.4 billion.