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Quarterly report pursuant to Section 13 or 15(d)

CAPITAL STOCK

v3.23.1
CAPITAL STOCK
3 Months Ended
Mar. 31, 2023
Stockholders' Equity Note [Abstract] Ìý
CAPITAL STOCK
NOTE 13 - CAPITAL STOCK
SHARE REPURCHASE PROGRAM
On February 10, 2022, our Board of Directors authorized a program to repurchase outstanding common shares in the open market or in privately negotiated transactions, which may include purchases pursuant to Rule 10b5-1 plans or accelerated share repurchases, up to a maximum of $1Ìýbillion. We are not obligated to make any purchases and the program may be suspended or discontinued at any time. The share repurchase program does not have a specific expiration date. During the three months ended MarchÌý31, 2023, we had no share buybacks. During the three months ended MarchÌý31, 2022, we repurchased 1 million common shares at a cost of $19 million in the aggregate. As of MarchÌý31, 2023, there was $760 million remaining under the authorization.
PREFERRED STOCK
We have 3Ìýmillion shares of Serial Preferred Stock, Class A, without par value, authorized and 4 million shares of Serial Preferred Stock, Class B, without par value, authorized; no preferred shares are issued or outstanding.