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SHAREHOLDERS' EQUITY (Tables)
3 Months Ended
Mar. 31, 2023
Equity [Abstract]  
Stock repurchase activity under current stock repurchase program
The following table summarizes share repurchase activity under our Share Repurchase Programs:
($ in millions, except per share amounts)Number of Shares RepurchasedCost Basis of Shares RepurchasedAverage Price
Paid per Share
As of December 31, 202222,773,218 $2,119 $93.06 
For the first quarter of 2023522,422 80 $153.71 
As of March 31, 202323,295,640 $2,199 $94.42 
Cash dividend declared
We declared cash dividends to holders of common stock during the first quarter of 2023 as follows. Any future dividend payments will be subject to the restrictions imposed under the agreements covering our debt, and Board approval. There can be no assurance that we will pay dividends in the future.
Declaration DateShareholder Record DateDistribution DateDividend per Share
February 16, 2023March 2, 2023March 16, 2023$0.72