v3.24.3
Stockholders' Equity
 9 Months Ended
Sep. 30, 2024
Equity [Abstract]  
Stockholders' Equity Stockholders' Equity
The Company's Board of Directors has authorized a stock repurchase program of the Company's common stock from time to time on the open market or through privately negotiated transactions. The Company is authorized to repurchase up to $10,000 million, inclusive of past authorizations. As of September 30, 2024, the Company had a remaining amount of $3,160 million available under the stock repurchase program. In October 2024, the Company repurchased an additional 5.2 million shares for $380 million.

The following represents the Company's share repurchase activity ($ in millions, shares in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
SharesCostSharesCostSharesCostSharesCost
Share buybacks16,254 $1,218 11,609 $773 27,595 $2,069 22,489 $1,550 
Income tax withholding119 9 11 1 1,465 112 778 52 
Total share repurchases (1)
16,373 $1,227 11,620 $774 29,060 $2,181 23,267 $1,602 
(1)
Excludes year-to-date share repurchase excise tax of approximately $18 million and $10 million accrued as of September 30, 2024 and 2023, respectively.

Shares repurchased for income tax withholding are shares withheld in connection with employee stock plans to meet applicable tax withholding requirements. These shares are typically included in the Company's treasury stock.