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100
McKESSON CORPORATION
FINANCIAL NOTES (Continued)
Information regarding the share repurchase activity over the last three years is as follows:
Share Repurchases (1)
(In millions, except price per share data)
Total
Number of
Shares
Purchased (2) (3)
Average
Price
Paid Per
Share
Approximate
Dollar Value of
Shares that May
Yet Be
Purchased
Under the
Programs
Balance, March 31, 2010 $ 531
Share repurchase plans approved:
April 2010 1,000
October 2010 1,000
Shares repurchased 29 $69.62 (2,032)
Balance, March 31, 2011 $ 499
Share repurchase plans approved:
April 2011 1,000
January 2012 650
Shares repurchased 20 $ 83.47 (1,850)
Balance, March 31, 2012 $ 299
Share repurchase plans approved:
April 2012 700
January 2013 500
Shares repurchased 13 $100.82 (1,159)
Balance, March 31, 2013 $ 340
(1) This table does not include shares tendered to satisfy the exercise price in connection with cashless exercises of employee stock options or
shares tendered to satisfy tax withholding obligations in connection with employee equity awards.
(2) All of the shares purchased were part of the publicly announced programs.
(3) The number of shares purchased reflects rounding adjustments.
In 2013, the majority of share repurchases were transacted through open market repurchases. In 2012 and 2011, the
majority of our share repurchases were transacted through a number of ASR programs with third party financial institutions.
The shares repurchased through ASR programs during the last three years are as follows: $1.0 billion in May 2010,
$275 million in March 2011, $650 million in May 2011, $1.2 billion in March 2012 and $150 million in March 2013.
In March 2012, we entered into an ASR program with a third party financial institution to repurchase $1.2 billion of the
Company's common stock. As of March 31, 2012, we had received 12.0 million shares representing the minimum number of
shares due under this program. This program was completed in multiple tranches, and we received 0.9 million additional shares
during the first quarter of 2013. In July 2012, we received 0.6 million additional shares upon completion of this program. The
total number of shares repurchased under this program was 13.5 million shares at an average price per share of $89.10.
In March 2013, we entered into an ASR program with a third party financial institution to repurchase $150 million of the
Company's common stock. As of March 31, 2013, we had received 1.2 million shares representing the minimum number of
shares due under this program. This ASR program was completed on April 17, 2013 and we received 0.2 million additional
shares on April 22, 2013. The total number of shares repurchased under this ASR program was 1.4 million shares at an
average price per share of $107.63.
In 2013, we also repurchased 9.9 million shares for $1.0 billion through open market transactions at an average price per
share of $101.70. The total authorization outstanding for repurchases of the Company's common stock was $340 million at
March 31, 2013.