Quarterly report pursuant to Section 13 or 15(d)

Shareholders' Equity

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Shareholders' Equity
 6 Months Ended
Jun. 30, 2023
Equity [Abstract]  
Shareholders' Equity Shareholders’ Equity
Common Stock
Declared Quarterly Cash Dividends on Common Stock (1)
Declaration Date Record Date Payment Date Dividend Per Share
July 19, 2023 September 1, 2023 September 29, 2023 $ 0.24 
April 26, 2023 June 2, 2023 June 30, 2023 0.22 
February 1, 2023 March 3, 2023 March 31, 2023 0.22 
(1) In 2023, and through July 31, 2023.
During the three and six months ended June 30, 2023, the Corporation repurchased and retired 19 million and 86 million shares of common stock, which reduced shareholders’ equity by $550 million and $2.8 billion.
During the six months ended June 30, 2023, in connection with employee stock plans, the Corporation issued 69 million shares of its common stock and, to satisfy tax withholding obligations, repurchased 26 million shares of its common stock. At June 30, 2023, the Corporation had reserved 499 million unissued shares of common stock for future issuances under employee stock plans, convertible notes and preferred stock.
On July 19, 2023, the Board of Directors declared a quarterly common stock dividend of $0.24 per share.
Preferred Stock
During the three months ended June 30, 2023 and March 31, 2023, the Corporation declared $306 million and $505 million of cash dividends on preferred stock, or a total of $811 million for the six months ended June 30, 2023. For more information on the Corporation’s preferred stock, including liquidation preference, dividend requirements and redemption period, see Note 13 – Shareholders’ Equity to the Consolidated Financial Statements of the Corporation’s 2022 Annual Report on Form 10-K.