TREASURY STOCK

9 Months Ended

Sep. 30, 2019

At December 31, 2018, the Company had a total remaining authorization of $4.5 billion to repurchase its common stock related to a program authorized by the Company's Board of Directors in 2018 for $8.0 billion. In the second quarter of 2019, the Company's Board of Directors authorized an additional program to repurchase up to $15.0 billion of the Company's common stock. At September 30, 2019, the Company had a total remaining authorization of $12.9 billion to repurchase its common stock. The Company has continued to make repurchases of its common stock in the fourth quarter of 2019 and may continue to make repurchases of shares under its stock repurchase program, depending on prevailing market conditions, alternate uses of capital and other factors. Whether and when to initiate and/or complete any repurchase of common stock and the amount of common stock repurchased will be determined at the Company's discretion. Additionally, the Board of Directors has given the Company the general authorization to repurchase shares of its common stock withheld to satisfy employee withholding tax obligations related to stock-based compensation.

The following table summarizes the Company's stock repurchase activities during the three and nine months ended September 30, 2019 and 2018, respectively (in millions, except for shares):



	Three Months Ended September 30,						Nine Months Ended September 30,
	2019			2018			2019			2018
	Shares	Amount		Shares	Amount		Shares	Amount		Shares	Amount
Authorized stock repurchase programs	694,158	$	1,341	1,145,120	$	2,241	3,675,967	$	6,666	2,019,106	$	4,026
General authorization for shares withheld on stock award vesting	4,616	9		4,204	9		84,035	146		75,911	155
Total	698,774	$	1,350	1,149,324	$	2,250	3,760,002	$	6,812	2,095,017	$	4,181

Stock repurchases of $40 million in September 2019 were settled in October 2019. Stock repurchases of $74 million in December 2018 were settled in January 2019.

For the nine months ended September 30, 2019 and 2018, the Company remitted employee withholding taxes of $140 million and $154 million, respectively, to the tax authorities, which is different from the aggregate cost of the shares withheld for taxes for each period due to the timing in remitting the taxes. The cash remitted to the tax authorities is included in financing activities in the Unaudited Consolidated Statements of Cash Flows.

At September 30, 2019, there were 21,077,128 shares of the Company's common stock held in treasury.