On November 8, 2022, the company announced an increase in its equity buyback plan. The company increased its authorization by $3,500 million.

The Company is authorized to repurchase up to $500 million of its common stock effective immediately. The remaining $3000 billion of the incremental share repurchase authorization is conditioned upon, and shall be effective only after, the closing of the divestiture of the Company's Energy business pursuant to the terms of the Equity Purchase Agreement dated October 28, 2022 with Veritas Capital and the receipt of cash proceeds contemplated thereunder.