TREASURY STOCK (Notes)

9 Months Ended

Sep. 30, 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 September 30, 2020, the Company had a total remaining authorization of $10.4 billion to repurchase its common stock. The Company has not repurchased any shares since March 2020 under this authorization and does not intend to initiate any repurchases under this authorization until it has better visibility into the shape and timing of a recovery from the COVID-19 pandemic. See Note 9 for a description of the impact of the October 2020 credit facility amendment on the Company's ability to repurchase shares. 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, 2020 and 2019 (in millions, except for shares, which are reflected in thousands):


	Three Months Ended September 30,						Nine Months Ended September 30,
	2020			2019			2020			2019
	Shares	Amount		Shares	Amount		Shares	Amount		Shares	Amount
Authorized stock repurchase programs	—	$	—	694	$	1,341	601	$	1,122	3,676	$	6,666
General authorization for shares withheld on stock award vesting	2	4		5	9		81	137		84	146
Total	2	$	4	699	$	1,350	682	$	1,259	3,760	$	6,812

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

For the nine months ended September 30, 2020 and 2019, the Company remitted employee withholding taxes of $137 million and $140 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, 2020, there were 22,444,443 shares of the Company's common stock held in treasury.