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Common Stock
6 Months Ended
Jun. 30, 2022
Equity [Abstract]  
Common Stock

NOTE R. COMMON STOCK

The Company's current stock repurchase program (the "Repurchase Program") was authorized by the Board of Directors in 2016. On February 24, 2022, the Board of Directors authorized the Company to repurchase an additional $1,000 million of its common stock, bringing the total amount authorized under the Repurchase Program to $4,000 million.

During the three and six months ended June 30, 2022, the Company repurchased $34 million and $115 million, respectively, of its common stock under the Repurchase Program, leaving $1,199 million of authorized repurchases remaining under the Repurchase Program as of June 30, 2022. The Repurchase Program has no termination date, and the timing and amount of stock purchases are subject to market conditions and corporate needs. The Repurchase Program may be modified, suspended or discontinued at any time at the Company’s discretion.