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Stockholders’ Equity (Tables)
6 Months Ended
Jun. 30, 2022
Equity [Abstract]  
Summary of stock repurchase activity under stock repurchase program
The following table summarizes stock repurchase activity under our stock repurchase programs for the period indicated (in millions, except per share amounts):
Shares
Repurchased (1)
Average Price
per Share (2)
Value of Shares
Repurchased (2)
Remaining Amount Authorized
Balance as of January 1, 2022$1,991 
Authorization of additional plan in February 20224,000 
Repurchase of shares of common stock 47 $54.01 $2,542 (2,542)
Accelerated share repurchases (3)
$— — 
Balance as of June 30, 2022$3,449 
(1) These repurchased shares of common stock were recorded as treasury stock and were accounted for under the cost method. None of the repurchased shares of common stock have been retired.
(2) Excludes broker commissions.
(3) As indicated above, in January 2022, the 2021 ASR Agreement with the remaining ASR Counterparty settled and resulted in delivery of approximately 3.3 million additional shares.