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. On March 24, 2020, we suspended stock repurchases in light of the COVID-19 pandemic. On August 19, 2020, we entered into ASR agreements to repurchase $10.0 billion of our common stock. As of September 26, 2020, we were authorized to repurchase up to $110.0 billion, of which $9.66 billion remained available, which reflects the deduction of the $10.0 billion in ASR agreements. We have repurchased 5.69 billion shares at a cost of $147.64 billion since the program began in 1990.

2020 Buybacks

Quarter Shares Purchased
(M Shares)
$Millions
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