filings.toolsItem 1A. RISK FACTORS
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Item 1A. RISK FACTORS
Our business faces many risks. Any of the risks discussed in this report and our other SEC filings could have a material impact on our business, financial position or results of operations. Additional risks and uncertainties not presently known to us or that we currently believe to be immaterial may also materially impair our business operations, financial condition or future results.
As of the date of this filing, we continue to be subject to the risk factors previously disclosed in Part I, Item 1A. Risk Factors in our Annual Report on Form 10-K for the year ended December 31, 2020, filed with the SEC on February 25, 2021, and in subsequent filings we make with the SEC. There have been no material changes in our risk factors from those described in our Annual Report on Form 10-K for the year ended December 31, 2020.
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
Unregistered Sales of Equity Securities
None.
Issuer Repurchases of Equity Securities
Our common stock repurchase activity for the nine months ended September 30, 2021 was as follows:
| Period | Total Number of Shares Purchased**(1)** | Average Price Paid Per Share**(2)** | Total Number of Shares Purchased as Part of Publicly Announced Plan | Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plan**(3)** | ||||||||||||||||||||||
| ($ In millions, except per share amounts, shares in thousands) | ||||||||||||||||||||||||||
| July 1, 2021 - July 31, 2021 | — | $ | — | — | $ | — | ||||||||||||||||||||
| August 1, 2021 - August 31, 2021 | — | $ | — | — | $ | — | ||||||||||||||||||||
| September 1, 2021 - September 30, 2021 | 268 | $ | 82.02 | 268 | $ | 1,978 | ||||||||||||||||||||
| Total | 268 | $ | 82.02 | 268 |
(1)Includes shares of common stock repurchased from employees in order to satisfy tax withholding requirements. Such shares are cancelled and retired immediately upon repurchase.
(2)The average price paid per share includes any commissions paid to repurchase stock.
(3)In September 2021, the Company’s board of directors authorized a $2 billion common stock repurchase program. The stock repurchase program has no time limit and may be suspended, modified, or discontinued by the board of directors at any time.
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