On January 14, 2013, the Board of Directors increased the share repurchase program by $800 million, thereby bringing the total authorization to $1.5 billion. The company will use a portion of the proceeds received from the offering of $500 million in senior unsecured notes due 2023 and a new $1 billion revolving line of credit to fund repurchases. The company also extended the program until January 10, 2016.