Item 1A. RISK FACTORS
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Item 1A. RISK FACTORS
There have been no material changes to the risk factors discussed in Part I, Item 1A Risk Factors in our 2021 Form 10-K. We could also be affected by additional factors that are not presently known to us or that we currently consider to be immaterial to our operations.
**Item 2.**UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
The following table provides information about our repurchase of equity securities that are registered by us pursuant to Section 12 of the Exchange Act, as amended, during the quarter ended September 30, 2022.
| Total Number of Shares Purchased | Average Price Paid per Share | Total Number of Shares Purchased as Part of a Publicly Announced Program | Maximum Dollar Amount of Shares that may yet be Purchased under the Program (in millions) | |||||||||||||||||||||||
| July 1 - July 31, 2022 | 4,210,102 | $ | 22.88 | 4,210,102 | $ | 408 | ||||||||||||||||||||
| August 1 - August 31, 2022 | 6,646,358 | $ | 25.26 | 6,646,358 | $ | 1,491 | ||||||||||||||||||||
| September 1 - September 30, 2022 | 5,941,503 | $ | 23.97 | 5,941,503 | $ | 1,348 | ||||||||||||||||||||
| For the quarter ended September 30, 2022 | 16,797,963 | $ | 24.21 | 16,797,963 | $ | 1,348 |
In October 2021, we announced that the Board had authorized a share repurchase program (Share Repurchase Program) under which up to $2.0 billion of our outstanding common stock may be repurchased. The Share Repurchase Program became effective on October 11, 2021. On August 4, 2022, the Board authorized an incremental $1.25 billion for repurchases under the Share Repurchase Program. We expect to complete repurchases under the Share Repurchase Program by the end of 2023.
Under the Share Repurchase Program, any purchases of shares of the Company's stock may be repurchased from time to time in open-market transactions at prevailing market prices, in privately negotiated transactions, pursuant to plans complying with the Exchange Act, or by other means in accordance with federal securities laws. The actual timing, number and value of shares repurchased under the Share Repurchase Program or otherwise will be determined at our discretion and will depend on a number of factors, including our capital allocation priorities, the market price of our stock, general market and economic conditions, applicable legal requirements and compliance with the terms of our debt agreements and the certificate of designation of the Series A Preferred Stock and the Series B Preferred Stock, respectively.
See Note 12 to the Financial Statements for more information concerning the Share Repurchase Program.
**Item 3.**DEFAULTS UPON SENIOR SECURITIES
None.
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