XML 27 R17.htm IDEA: XBRL DOCUMENT v3.23.1
Share Repurchase Authorizations
 3 Months Ended
Mar. 31, 2023
Equity [Abstract]  
Share Repurchase Authorizations Share Repurchase Authorizations
The Board has authorized the repurchase of up to $1.8 billion of our Class A common stock, Class C capital stock, outstanding convertible senior notes or a combination thereof (together the “Repurchase Authorizations”). For additional information on these authorizations, see Note 13 to our Notes to Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2022.
Repurchases of stock under the Repurchase Authorizations may be made in open-market transactions or privately negotiated transactions, or in such other manner as deemed appropriate by management, and may be made from time to time as determined by management depending on market conditions, share price, trading volume, cash needs and other business factors, in each case as permitted by securities laws and other legal requirements. As of March 31, 2023, $414 million remained available for future repurchases pursuant to the Repurchase Authorizations.
The following table summarizes, on a settlement date basis, our Class A common stock and Class C capital stock repurchase activity under the Repurchase Authorizations for the periods presented (in millions, except share data, which are presented in thousands, and per share amounts):
 Three Months Ended
March 31, 2023		Three Months Ended
March 31, 2022
Class A common stockClass C capital stockClass A common stockClass C capital stock
Shares repurchased314 1,698 1,412 4,446 
Weighted-average price per share$42.44 $42.96 $58.38 $59.66 
Total purchase price$13 $73 $83 $265