Buybacks occur when a company purchases shares of its own publicly traded stock in the open market. We have an ongoing authorization, since October 2005, as amended, from our Board of Directors to repurchase up to $45 billion in shares of our common stock in open market or negotiated transactions.
2011 Buybacks
| Quarter | Shares Purchased (M Shares) |
Cum. Shares Purchased (M Shares) |
$Millions | Cum. $ Millions |
|---|---|---|---|---|
| Q4 | 173.7 | 4,067.7 | 4,133 | 84,186.6 |
| Q3 | 186.2 | 3,894.0 | 4,000 | 80,053.5 |
| Q2 | 93.3 | 3,707.8 | 2,000 | 76,053.5 |
| Q1 | 189.1 | 3,614.5 | 4,000 | 74,053.5 |
2010 Buybacks
| Quarter | Shares Purchased (M Shares) |
Cum. Shares Purchased (M Shares) |
$Millions | Cum. $ Millions |
|---|---|---|---|---|
| Q4 | 70.3 | 3,425.4 | 1,500 | 70,053.5 |
| Q3 | 0.0 | 3,355.1 | 0 | 68,553.5 |
| Q2 | 0.0 | 3,355.1 | 0 | 68,553.5 |
| Q1 | 0.0 | 3,355.1 | 0 | 68,553.5 |
2009 Buybacks
| Quarter | Shares Purchased (M Shares) |
Cum. Shares Purchased (M Shares) |
$Millions | Cum. $ Millions |
|---|---|---|---|---|
| Q4 | 0.0 | 3,355.1 | 0 | 68,553.5 |
| Q3 | 88.2 | 3,355.1 | 1,670.8 | 68,553.5 |
| Q2 | 0.0 | 3,266.9 | 0 | 66,882.7 |
| Q1 | 0.0 | 3,266.9 | 0 | 66,882.7 |
2008 Buybacks
| Quarter | Shares Purchased (M Shares) |
Cum. Shares Purchased (M Shares) |
$Millions | Cum. $ Millions |
|---|---|---|---|---|
| Q4 | 0.0 | 3,266.9 | 0 | 66,882.7 |
| Q3 | 93.4 | 3,266.9 | 2,117.0 | 66,882.7 |
| Q2 | 108.8 | 3,173.5 | 2,500.0 | 64,765.7 |
| Q1 | 121.9 | 3,064.7 | 2,500.0 | 62,265.7 |
2007 Buybacks
| Quarter | Shares Purchased (M Shares) |
Cum. Shares Purchased (M Shares) |
$Millions | Cum. $ Millions |
|---|---|---|---|---|
| Q4 | 57.1 | 2,942.8 | 1,500.0 | 59,765.7 |
| Q3 | 30.4 | 2,885.7 | 750.0 | 58,265.7 |
| Q2 | 4.6 | 2,855.3 | 100.0 | 57,515.7 |
| Q1 | 19.2 | 2,850.7 | 400.0 | 57,415.7 |
2006 Buybacks
| Quarter | Shares Purchased (M Shares) |
Cum. Shares Purchased (M Shares) |
$Millions | Cum. $ Millions |
|---|---|---|---|---|
| Q4 | 7.2 | 2,831.5 | 150.0 | 57,015.7 |
| Q3 | 26.6 | 2,824.3 | 500.0 | 56,865.7 |
| Q2 | 54.3 | 2,797.7 | 1,000.0 | 56,365.7 |
| Q1 | 138.5 | 2,743.4 | 2,943.0 | 55,365.7 |
2005 Buybacks
| Quarter | Shares Purchased (M Shares) |
Cum. Shares Purchased (M Shares) |
$Millions | Cum. $ Millions |
|---|---|---|---|---|
| Q4 | 118.0 | 2,604.9 | 3,137.0 | 52,422.7 |
| Q3 | 93.6 | 2,486.9 | 2,500.0 | 49,285.7 |
| Q2 | 98.9 | 2,393.3 | 2,500.0 | 46,785.7 |
| Q1 | 107.9 | 2,294.4 | 2,500.0 | 44,285.7 |
2004 Buybacks
| Quarter | Shares Purchased (M Shares) |
Cum. Shares Purchased (M Shares) |
$Millions | Cum. $ Millions |
|---|---|---|---|---|
| Q4 | 89.0 | 2,186.5 | 2,000.0 | 41,785.7 |
| Q3 | 106.3 | 2,097.5 | 2,500.0 | 39,785.7 |
| Q2 | 56.0 | 1,991.2 | 1,511.0 | 37,285.7 |
| Q1 | 49.2 | 1,935.2 | 1,505.0 | 35,774.7 |
2003 Buybacks
| Quarter | Shares Purchased (M Shares) |
Cum. Shares Purchased (M Shares) |
$Millions | Cum. $ Millions |
|---|---|---|---|---|
| Q4 | 61.4 | 1,886.0 | 2,003.2 | 34,269.7 |
| Q3 | 0.0 | 1,824.6 | 0.0 | 32,266.5 |
| Q2 | 51.8 | 1,824.6 | 1,005.1 | 32,266.5 |
| Q1 | 62.6 | 1,772.8 | 1,003.5 | 31,261.4 |
2002 Buybacks
| Quarter | Shares Purchased (M Shares) |
Cum. Shares Purchased (M Shares) |
$Millions | Cum. $ Millions |
|---|---|---|---|---|
| Q4 | 58.8 | 1,710.2 | 1,005.9 | 30,258.0 |
| Q3 | 56.6 | 1,651.4 | 1,001.3 | 29,252.0 |
| Q2 | 37.2 | 1,594.8 | 1,001.7 | 28,250.8 |
| Q1 | 30.9 | 1,557.6 | 1,004.6 | 27,249.1 |
2001 Buybacks
| Quarter | Shares Purchased (M Shares) |
Cum. Shares Purchased (M Shares) |
$Millions | Cum. $ Millions |
|---|---|---|---|---|
| Q4 | 35.1 | 1,526.7 | 1,003.4 | 26,244.5 |
| Q3 | 34.9 | 1,491.6 | 1,002.2 | 25,241.1 |
| Q2 | 34.2 | 1,456.7 | 1,001.9 | 24,238.9 |
| Q1 | 29.4 | 1,422.5 | 1,000.7 | 23,237.0 |
2000 Buybacks
| Quarter | Shares Purchased (M Shares) |
Cum. Shares Purchased (M Shares) |
$Millions | Cum. $ Millions |
|---|---|---|---|---|
| Q4 | 22.8 | 1,393.1 | 1,000.8 | 22,236.3 |
| Q3 | 14.3 | 1,370.3 | 1,004.4 | 21,235.5 |
| Q2 | 16.8 | 1,356.0 | 1,001.0 | 20,231.1 |
| Q1 | 19.7 | 1,339.2 | 1,000.3 | 19,230.1 |
1999 Buybacks
| Quarter | Shares Purchased (M Shares) |
Cum. Shares Purchased (M Shares) |
$Millions | Cum. $ Millions |
|---|---|---|---|---|
| Q4 | 25.0 | 1,319.5 | 902.7 | 18,229.8 |
| Q3 | 25.5 | 1,294.5 | 911.3 | 17,327.1 |
| Q2 | 50.0 | 1,269.0 | 1,501.0 | 16,415.7 |
| Q1 | 42.0 | 1,219.0 | 1,296.7 | 14,914.7 |
1998 Buybacks
| Quarter | Shares Purchased (M Shares) |
Cum. Shares Purchased (M Shares) |
$Millions | Cum. $ Millions |
|---|---|---|---|---|
| Q4 | 66.1 | 1,177.0 | 1,537.2 | 13,618.0 |
| Q3 | 80.3 | 1,110.9 | 1,716.4 | 12,080.9 |
| Q2 | 88.7 | 1,030.6 | 1,739.5 | 10,364.4 |
| Q1 | 88.1 | 941.9 | 1,781.9 | 8,624.9 |
1997 Buybacks
| Quarter | Shares Purchased (M Shares) |
Cum. Shares Purchased (M Shares) |
$Millions | Cum. $ Millions |
|---|---|---|---|---|
| Q4 | 50.9 | 853.8 | 1,000.3 | 6,843.0 |
| Q3 | 10.0 | 802.9 | 251.1 | 5,842.6 |
| Q2 | 51.9 | 792.9 | 945.3 | 5,591.6 |
| Q1 | 61.8 | 741.0 | 1,175.9 | 4,646.3 |
1996 Buybacks
| Quarter | Shares Purchased (M Shares) |
Cum. Shares Purchased (M Shares) |
$Millions | Cum. $ Millions |
|---|---|---|---|---|
| Q4 | 21.6 | 679.2 | 334.3 | 3,470.4 |
| Q3 | 64.0 | 657.6 | 598.5 | 3,136.1 |
| Q2 | 16.0 | 593.6 | 135.4 | 2,537.6 |
| Q1 | 32.6 | 577.6 | 216.4 | 2,402.2 |
1995 Buybacks
| Quarter | Shares Purchased (M Shares) |
Cum. Shares Purchased (M Shares) |
$Millions | Cum. $ Millions |
|---|---|---|---|---|
| Q4 | 8.0 | 545.0 | 63.0 | 2,185.9 |
| Q3 | 39.2 | 537.0 | 321.2 | 2,122.9 |
| Q2 | 71.6 | 497.8 | 499.8 | 1,801.8 |
| Q1 | 149.7 | 149.7 | 149.7 | 1,301.9 |
1994 Buybacks
| Quarter | Shares Purchased (M Shares) |
Cum. Shares Purchased (M Shares) |
$Millions | Cum. $ Millions |
|---|---|---|---|---|
| Q4 | 28.2 | 394.2 | 111.6 | 1,152.2 |
| Q3 | 8.2 | 366.0 | 29.5 | 1,040.6 |
| Q2 | 124.7 | 357.8 | 465.9 | 1,011.1 |
| Q1 | 13.1 | 233.1 | 51.7 | 545.3 |
1993 Buybacks
| Quarter | Shares Purchased (M Shares) |
Cum. Shares Purchased (M Shares) |
$Millions | Cum. $ Millions |
|---|---|---|---|---|
| Q4 | 12.6 | 220.0 | 49.9 | 493.5 |
| Q3 | 0.8 | 207.4 | 2.5 | 443.6 |
| Q2 | 103.8 | 206.6 | 338.8 | 441.2 |
| Q1 | 0.0 | 102.8 | 0.0 | 102.4 |
1992 Buybacks
| Quarter | Shares Purchased (M Shares) |
Cum. Shares Purchased (M Shares) |
$Millions | Cum. $ Millions |
|---|---|---|---|---|
| Q4 | 0.0 | 102.8 | 0.0 | 102.4 |
| Q3 | 0.0 | 102.8 | 0.0 | 102.4 |
| Q2 | 0.0 | 102.8 | 0.0 | 102.4 |
| Q1 | 0.0 | 102.8 | 0.0 | 102.4 |
1991 Buybacks
| Quarter | Shares Purchased (M Shares) |
Cum. Shares Purchased (M Shares) |
$Millions | Cum. $ Millions |
|---|---|---|---|---|
| Q4 | 0.0 | 102.8 | 0.0 | 102.4 |
| Q3 | 0.0 | 102.8 | 0.0 | 102.4 |
| Q2 | 0.0 | 102.8 | 0.0 | 102.4 |
| Q1 | 0.0 | 102.8 | 0.0 | 102.4 |
1990 Buybacks
| Quarter | Shares Purchased (M Shares) |
Cum. Shares Purchased (M Shares) |
$Millions | Cum. $ Millions |
|---|---|---|---|---|
| Q4 | 10.0 | 102.8 | 11.0 | 102.4 |
| Q3 | 92.8 | 92.8 | 91.4 | 91.4 |
