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71
2013 Annual Report
to be repurchased, Barclays delivered an additional 5.4 million shares of common stock to the Company. At the
conclusion of the transaction on December 28, 2011, Barclays delivered a final installment of 1.6 million shares
of common stock on December 29, 2011. The aggregate 27.3 million shares of common stock delivered to the
Company by Barclays, were placed into treasury stock. This represented all the repurchases that occurred during
the year ended December 31, 2011 under the 2011 Repurchase Program.
Each of the ASR transactions described previously were accounted for as an initial treasury stock transaction and
a forward contract. The forward contract was classified as an equity instrument. The initial repurchase of the shares
and delivery of the remainder of the shares to conclude each ASR, resulted in an immediate reduction of the out-
standing shares used to calculate the weighted average common shares outstanding for basic and diluted net
income per share.
During the year ended December 31, 2013, the Company repurchased an aggregate of 66.2 million shares of
common stock for approximately $4.0 billion under the 2012 Repurchase Program, which includes shares received
from the October 2013 ASR agreement described previously. As of December 31, 2013, there remained an aggregate
of approximately $6.7 billion available for future repurchases under the 2013 and 2012 Repurchase Programs.
During the year ended December 31, 2012, the Company repurchased an aggregate of 95.0 million shares of common
stock for approximately $4.3 billion under the 2012 and 2011 Repurchase Programs, which includes shares received
from the September 2012 ASR agreement described previously. As of December 31, 2012, the 2011 Repurchase
Program was complete.
During the year ended December 31, 2011, the Company repurchased an aggregate of 56.4 million shares of common
stock for approximately $2.0 billion, completing the 2010 Repurchase Program.