Share Repurchase Plan

12 Months Ended

Dec. 31, 2015

17. Share Repurchase Plan

In 2013, our Board of Directors authorized the repurchase of up to $4.0 billion in aggregate purchase price of our common stock. In May 2014, the Board of Directors approved an increase in the program to $6.5 billion. Repurchases under this program were as follows:

	2015		2014		2013		To Date
	(In millions, except cost per share)
Total cost of shares repurchased	$	91	$	3,722	$	1,538	$	5,351
Total number of shares repurchased		1.45		43.35		19.31		64.11
Average cost per share (including transaction fees)	$	62.76	$	85.83	$	79.65	$	83.45

As of December 31, 2015, we are authorized but not required to purchase additional common stock up to a value of $1.15 billion.