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Capital Stock, Dividends and Common Stock Repurchase Program (Tables) | 12 Months Ended
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Dec. 31, 2022
Capital Stock, Dividends and Common Stock Repurchase Program |
Summary of shares repurchased |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022(a) |  | 2021(b) |  | 2020(c)
Shares repurchased (in thousands) |  | ​ | 9,796 |  | ​ | 8,731 |  | ​ | 3,687
Weighted average price per share |  | $ | 160.26 | ​ | $ | 146.61 | ​ | $ | 108.92
Total repurchases (in millions) | ​ | $ | 1,570 | ​ | $ | 1,280 | ​ | $ | 402
(a) | We executed and completed four ASR agreements during 2022 to repurchase $1.417 billion of our common stock and received 8.8 million shares in connection with these ASR agreements. We also repurchased an additional 0.6 million shares of our common stock in open market transactions in compliance with Rule 10b5-1 and Rule 10b-18 of the Securities Exchange Act of 1934 (“Exchange Act”) for $83 million, inclusive of per-share commissions. Shares repurchased in 2022 include 0.4 million shares of our common stock for $70 million pursuant to our December 2021 ASR agreement that completed in January 2022.
(b) | We executed and completed three ASR agreements during 2021 to repurchase $1.0 billion of our common stock and received 7.0 million shares in connection with these ASR agreements. Additionally, in December 2021, we executed
| an ASR agreement to repurchase $350 million of our common stock. At the beginning of the repurchase period, we delivered $350 million in cash and received 1.7 million shares based on a stock price of $160.67. The ASR agreement completed in January 2022, at which time we received 0.4 million additional shares based on a final weighted average price of $160.33.
(c) | During 2020, we executed and completed an ASR agreement to repurchase $313 million of our common stock and received 2.8 million shares in connection with this ASR agreement. We also repurchased an additional 0.9 million shares of our common stock in open market transactions in compliance with Rule 10b5-1 and Rule 10b-18 of the Exchange Act for $89 million, inclusive of per-share commissions.

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