v3.23.2
Stockholders' Equity
 6 Months Ended
Jun. 30, 2023
Equity [Abstract]  
Stockholders' Equity Stockholders' Equity
Share Repurchases
In the three and six months ended June 30, 2023, we repurchased $15.1 billion and $30.2 billion, respectively, of Alphabet's Class A and Class C shares.
In April 2022, the Board of Directors of Alphabet authorized the company to repurchase up to $70.0 billion of its Class A and Class C shares. The repurchases from the April 2022 authorization were completed during the second quarter of 2023. In April 2023, the Board of Directors of Alphabet authorized the company to repurchase up to an additional $70.0 billion of its Class A and Class C shares. As of June 30, 2023, $68.1 billion remains available for Class A and Class C share repurchases.
The following table presents Class A and Class C shares repurchased and subsequently retired (in millions):
Three Months Ended June 30, 2023Six Months Ended June 30, 2023
SharesAmountSharesAmount
Class A share repurchases17 $1,908 37 $3,919 
Class C share repurchases114 13,206 251 26,319 
Total share repurchases(1)
131 $15,114 288 $30,238 
(1)    Shares repurchased include unsettled repurchases as of June 30, 2023.
Class A and Class C shares are repurchased in a manner deemed in the best interest of the company and its stockholders, taking into account the economic cost and prevailing market conditions, including the relative trading prices and volumes of the Class A and Class C shares. Repurchases are executed from time to time, subject to general business and market conditions and other investment opportunities, through open market purchases or privately negotiated transactions, including through Rule 10b5-1 plans. The repurchase program does not have an expiration date.