Capital Actions

3 Months Ended

Mar. 31, 2015

Capital Actions

Capital Actions

13. Capital Actions

Accelerated Share Repurchase Transactions

During the three months ended March 31, 2015, the Bancorp entered intoor settled a number of accelerated share repurchase transactions. As part of these transactions, the Bancorp entered into forward contracts in which the final number of shares delivered at settlementwas based generally on a discount to the average daily volume weighted average price of the Bancorp's common stock during the term of these repurchase agreements. The accelerated share repurchaseswere treated as two separate transactions (i) the acquisition of treasury shares on the acquisition date and (ii) a forward contract indexed to the Bancorp's stock.

The following table presents a summary of the Bancorp's accelerated share repurchase transactions that were entered into or settled during the three months ended March 31, 2015:
Repurchase Date		Amount ($ in millions)	Shares Repurchased on Repurchase Date	Shares Received from Forward Contract Settlement	Total Shares Repurchased	Settlement Date
October 23, 2014	$	180	8,337,875	794,245	9,132,120	January 8, 2015
January 27, 2015		180	8,542,713	1,103,744	9,646,457	April 28, 2015

For further information on a subsequent event related to capital actions refer to Note 21.