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, in addition to the factors discussed elsewhere in this report, 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, 2021, filed with the SEC on February 24, 2022, Part II, Item 1A Risk Factors in our Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2022, filed with the SEC on May 5, 2022, Part II, Item 1A Risk Factors in our Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2022, filed with the SEC on August 3, 2022 and in subsequent filings we make with the SEC.
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 three months ended September 30, 2022 was as follows:
| Period | Total Number of Shares Purchased | Average Price Paid Per Share**(1)** | Total Number of Shares Purchased as Part of Publicly Announced Plan | Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plan**(2)** | ||||||||||||||||||||||
| ($ In millions, except per share amounts, shares in thousands) | ||||||||||||||||||||||||||
| July 1, 2022 - July 31, 2022 | 1,761 | $ | 113.70 | 1,761 | $ | 3,060 | ||||||||||||||||||||
| August 1, 2022 - August 31, 2022 | 1,713 | $ | 126.57 | 1,713 | $ | 2,843 | ||||||||||||||||||||
| September 1, 2022 - September 30, 2022 | 448 | $ | 124.04 | 448 | $ | 2,788 | ||||||||||||||||||||
| Total | 3,922 | $ | 120.50 | 3,922 |
(1)The average price paid per share includes any commissions paid to repurchase stock.
(2)In September 2021, the Company’s board of directors authorized a $2.0 billion common stock repurchase program. On July 28, 2022, our board of directors approved an increase in our common stock repurchase program from $2.0 billion to $4.0 billion. 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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