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Am I missing something here?


Yes I think so because you are using the "average" figure through the year from page K-68. You need the snapshot as of Dec 31.

The right figure should be on page K-103 which gives the number of shares outstanding at Dec 31. It gives 1,624,958 A equivalents which is 2437437000 B equivalents which is modestly higher than the Feb 13 level. So clearly there have been some buybacks in Jan/Feb but maybe only worth around $180m odd.
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