Buybacks
We have an ongoing authorization (originally approved by our Board of Directors in 2005 and subsequently amended) to repurchase shares of our common stock in open market or negotiated transactions. As of September 27th, 2025, we were authorized to repurchase up to $110.0 billion, of which $7.24 billion remain available. We have repurchased 5.77 billion shares at a cost of $152.05 billion since the program began in 1990.
2025 Buybacks
| Quarter | Shares Purchased (M Shares) |
$Millions |
|---|---|---|
| Q3 | 0 | 0 |
| Q2 | 0 | 0 |
| Q1 | 0 | 0 |
2024 Buybacks
| Quarter | Shares Purchased (M Shares) |
$Millions |
|---|---|---|
| Q4 | 0 | 0 |
| Q3 | 0 | 0 |
| Q2 | 0 | 0 |
| Q1 | 0 | 0 |
2023 Buybacks
| Quarter | Shares Purchased (M Shares) |
$Millions |
|---|---|---|
| Q4 | 0 | 0 |
| Q3 | 0 | 0 |
| Q2 | 0 | 0 |
| Q1 | 0 | 0 |
2022 Buybacks
| Quarter | Shares Purchased (M Shares) |
$Millions |
|---|---|---|
| Q4 | 0 | 0 |
| Q3 | 0 | 0 |
| Q2 | 0 | 0 |
| Q1 | 0 | 0 |
2021 Buybacks
| Quarter | Shares Purchased (M Shares) |
$Millions |
|---|---|---|
| Q4 | 0 | 0 |
| Q3 | 0 | 0 |
| Q2 | 0 | 0 |
| Q1 | 39.5 | 2415 |
2020 Buybacks
| Quarter | Shares Purchased (M Shares) |
$Millions |
|---|---|---|
| Q4 | 37.7 | 2000 |
| Q3 | 165.5 | 8000 |
| Q2 | 0 | 0 |
| Q1 | 71.3 | 4109 |
2019 Buybacks
| Quarter | Shares Purchased (M Shares) |
$Millions |
|---|---|---|
| Q4 | 62.9 | 3481 |
| Q3 | 92.0 | 4489 |
| Q2 | 67.2 | 3145 |
| Q1 | 49.5 | 2450 |
2018 Buybacks
| Quarter | Shares Purchased (M Shares) |
$Millions |
|---|---|---|
| Q4 | 50.6 | 2395 |
| Q3 | 50.1 | 2496 |
| Q2 | 75.9 | 4013 |
| Q1 | 40.8 | 1954 |
2017 Buybacks
| Quarter | Shares Purchased (M Shares) |
$Millions |
|---|---|---|
| Q4 | 0 | 0 |
| Q3 | 28.6 | 1007 |
| Q2 | 37.6 | 1340 |
| Q1 | 35.1 | 1262 |
2016 Buybacks
| Quarter | Shares Purchased (M Shares) |
$Millions |
|---|---|---|
| Q4 | 15.0 | 532 |
| Q3 | 13.1 | 461 |
| Q2 | 26 | 799 |
| Q1 | 26.8 | 800 |
2015 Buybacks
| Quarter | Shares Purchased (M Shares) |
$Millions |
|---|---|---|
| Q4 | 16 | 501 |
| Q3 | 34.8 | 1000 |
| Q2 | 23.6 | 750 |
| Q1 | 21.3 | 750 |
2014 Buybacks
| Quarter | Shares Purchased (M Shares) |
$Millions |
|---|---|---|
| Q4 | 115 | 4000 |
| Q3 | 120 | 4096 |
| Q2 | 76 | 2200 |
| Q1 | 22 | 545 |
2013 Buybacks
| Quarter | Shares Purchased (M Shares) |
$Millions |
|---|---|---|
| Q4 | 22 | 528 |
| Q3 | 24 | 536 |
| Q2 | 23 | 550 |
| Q1 | 25 | 533 |
2012 Buybacks
| Quarter | Shares Purchased (M Shares) |
$Millions |
|---|---|---|
| Q4 | 47 | 1000 |
| Q3 | 46 | 1165 |
| Q2 | 41 | 1100 |
| Q1 | 57 | 1500 |
2011 Buybacks
| Quarter | Shares Purchased (M Shares) |
$Millions |
|---|---|---|
| Q4 | 174 | 4133 |
| Q3 | 186 | 4000 |
| Q2 | 93 | 2000 |
| Q1 | 189 | 4000 |
2010 Buybacks
| Quarter | Shares Purchased (M Shares) |
$Millions |
|---|---|---|
| Q4 | 70 | 1500 |
| Q3 | 0 | 0 |
| Q2 | 0 | 0 |
| Q1 | 0 | 0 |
2009 Buybacks
| Quarter | Shares Purchased (M Shares) |
$Millions |
|---|---|---|
| Q4 | 0 | 0 |
| Q3 | 88 | 1671 |
| Q2 | 0 | 0 |
| Q1 | 0 | 0 |
2008 Buybacks
| Quarter | Shares Purchased (M Shares) |
$Millions |
|---|---|---|
| Q4 | 0 | 0 |
| Q3 | 93 | 2117 |
| Q2 | 109 | 2500 |
| Q1 | 122 | 2500 |
2007 Buybacks
| Quarter | Shares Purchased (M Shares) |
$Millions |
|---|---|---|
| Q4 | 57 | 1500 |
| Q3 | 30 | 750 |
| Q2 | 4 | 100 |
| Q1 | 19 | 400 |
2006 Buybacks
| Quarter | Shares Purchased (M Shares) |
$Millions |
|---|---|---|
| Q4 | 7 | 150 |
| Q3 | 27 | 500 |
| Q2 | 54 | 1000 |
| Q1 | 139 | 2943 |
2005 Buybacks
| Quarter | Shares Purchased (M Shares) |
$Millions |
|---|---|---|
| Q4 | 118 | 3137 |
| Q3 | 94 | 2500 |
| Q2 | 99 | 2500 |
| Q1 | 108 | 2500 |
2004 Buybacks
| Quarter | Shares Purchased (M Shares) |
$Millions |
|---|---|---|
| Q4 | 89 | 2000 |
| Q3 | 106 | 2500 |
| Q2 | 56 | 1511 |
| Q1 | 49 | 1505 |
2003 Buybacks
| Quarter | Shares Purchased (M Shares) |
$Millions |
|---|---|---|
| Q4 | 61 | 2003 |
| Q3 | 0 | 0 |
| Q2 | 52 | 1005 |
| Q1 | 63 | 1004 |
2002 Buybacks
| Quarter | Shares Purchased (M Shares) |
$Millions |
|---|---|---|
| Q4 | 59 | 1006 |
| Q3 | 57 | 1001 |
| Q2 | 37 | 1002 |
| Q1 | 31 | 1005 |
2001 Buybacks
| Quarter | Shares Purchased (M Shares) |
$Millions |
|---|---|---|
| Q4 | 35 | 1003 |
| Q3 | 35 | 1002 |
| Q2 | 34 | 1002 |
| Q1 | 29 | 1001 |
2000 Buybacks
| Quarter | Shares Purchased (M Shares) |
$Millions |
|---|---|---|
| Q4 | 23 | 1001 |
| Q3 | 14 | 1004 |
| Q2 | 17 | 1001 |
| Q1 | 20 | 1000 |
1999 Buybacks
| Quarter | Shares Purchased (M Shares) |
$Millions |
|---|---|---|
| Q4 | 25 | 903 |
| Q3 | 26 | 911 |
| Q2 | 50 | 1501 |
| Q1 | 42 | 1297 |
1998 Buybacks
| Quarter | Shares Purchased (M Shares) |
$Millions |
|---|---|---|
| Q4 | 66 | 1537 |
| Q3 | 80 | 1716 |
| Q2 | 89 | 1740 |
| Q1 | 88 | 1782 |
1997 Buybacks
| Quarter | Shares Purchased (M Shares) |
$Millions |
|---|---|---|
| Q4 | 51 | 1000 |
| Q3 | 10 | 251 |
| Q2 | 52 | 945 |
| Q1 | 62 | 1176 |
1996 Buybacks
| Quarter | Shares Purchased (M Shares) |
$Millions |
|---|---|---|
| Q4 | 22 | 334 |
| Q3 | 64 | 599 |
| Q2 | 16 | 135 |
| Q1 | 33 | 216 |
1995 Buybacks
| Quarter | Shares Purchased (M Shares) |
$Millions |
|---|---|---|
| Q4 | 8 | 63 |
| Q3 | 39 | 321 |
| Q2 | 72 | 500 |
| Q1 | 150 | 150 |
1994 Buybacks
| Quarter | Shares Purchased (M Shares) |
$Millions |
|---|---|---|
| Q4 | 28 | 112 |
| Q3 | 8 | 30 |
| Q2 | 125 | 466 |
| Q1 | 13 | 52 |
1993 Buybacks
| Quarter | Shares Purchased (M Shares) |
$Millions |
|---|---|---|
| Q4 | 13 | 50 |
| Q3 | 1 | 3 |
| Q2 | 104 | 339 |
| Q1 | 0 | 0 |
1992 Buybacks
| Quarter | Shares Purchased (M Shares) |
$Millions |
|---|---|---|
| Q4 | 0 | 0 |
| Q3 | 0 | 0 |
| Q2 | 0 | 0 |
| Q1 | 0 | 0 |
1991 Buybacks
| Quarter | Shares Purchased (M Shares) |
$Millions |
|---|---|---|
| Q4 | 0 | 0 |
| Q3 | 0 | 0 |
| Q2 | 0 | 0 |
| Q1 | 0 | 0 |
1990 Buybacks
| Quarter | Shares Purchased (M Shares) |
$Millions |
|---|---|---|
| Q4 | 10 | 11 |
| Q3 | 93 | 91 |