CAPITAL STOCK |
3 Months Ended |
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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.
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- References No definition available.
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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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