Repurchase Program Authorization Date | Amount Authorized (in millions) | Total Shares Retired (in millions) | Average Price Per Share(2) | Date Completed | Shares Repurchased (in millions) | ||||||||||||||||
Year Ended December 31 | |||||||||||||||||||||
2013 | 2012 | 2011 | |||||||||||||||||||
June 16, 2010 | $5,350 | 83.7 | $ 63.86 | September 2013 | 18.6 | 20.9 | 40.2 | ||||||||||||||
May 15, 2013(1) | $4,000 | 8.7 | $103.37 | 8.7 | — | — | |||||||||||||||
27.3 | 20.9 | 40.2 | |||||||||||||||||||
(1) | On May 15, 2013, the company's board of directors authorized a share repurchase program of up to $4.0 billion of the company’s common stock. Repurchases under this program commenced in September 2013 upon the completion of the company's 2010 repurchase program. As of December 31, 2013, repurchases under the program totaled $895 million, and $3.1 billion remained under this share repurchase authorization. The repurchase program is expected to expire when we have used all authorized funds for repurchase. |
(2) | Includes commissions paid. |