TREASURY STOCK

3 Months Ended

Mar. 31, 2020

At December 31, 2019, the Company had a total remaining authorization of $11.5 billion to repurchase its common stock related to a program authorized by the Company's Board of Directors in 2019 for $15.0 billion. At March 31, 2020, the Company had a total remaining authorization of $10.4 billion to repurchase its common stock. The Company has not repurchased any shares in the second quarter of 2020 and does not intend to initiate any repurchases until it has better visibility into the shape and timing of a recovery from the COVID-19 pandemic. 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 months ended March 31, 2020 and 2019 (in millions, except for shares, which are reflected in thousands):



	Three Months Ended March 31, 2020			Three Months Ended March 31, 2019
	Shares	Amount		Shares	Amount
Authorized stock repurchase programs	601	$	1,122	1,548	$	2,735
General authorization for shares withheld on stock award vesting	77	129		71	121
Total	678	$	1,251	1,619	$	2,856

Stock repurchases of $40 million in December 2019 were settled in January 2020.

For the three months ended March 31, 2020 and 2019, the Company remitted employee withholding taxes of $119 million and $111 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 March 31, 2020, there were 22,439,549 shares of the Company's common stock held in treasury.