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Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2021
Equity [Abstract]  
Schedule of share repurchase activity
The stock repurchase activity under our stock repurchase programs during 2021 was as follows (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, 2021$2,033 
Authorization of additional plan in February 20214,000 
Authorization of additional plan in August 20213,000 
Repurchase of shares of common stock67 $67.86 $4,542 (4,542)
Accelerated share repurchases (3)
33 $2,312 $(2,312)
Unsettled forward contract for share repurchase— $188 $(188)
Balance as of December 31, 2021$1,991 
(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, under the 2021 ASR Agreements, we paid an aggregate amount of $2.5 billion to the 2021 ASR Counterparties and received an initial delivery of 29.3 million shares of our common stock. In December 2021, we settled a 2021 ASR Agreement with one of the 2021 ASR Counterparties and received 3.4 million additional shares. In January 2022, the 2021 ASR Agreement with the remaining ASR Counterparty settled and resulted in delivery of approximately 3.3 million additional shares.