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The board also outlined plans to repurchase up to $6 billion of stock through early 2014.
Cisco said Friday that it would repurchase up to $10 billion more of its shares.
In January, the Treasury said it would like to repurchase up to $30 billion of debt this year.
The company also plans to repurchase up to $50 million worth of its stock by June 30.
Interpublic also said that it would begin a program to repurchase up to $300 million of its common stock, separate from a program that was announced last year.
Ecolab Inc. said yesterday that it planned to repurchase up to $200 million of its shares, roughly 4percentt of its stock outstanding.
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Perhaps more interesting is that the company announced a stock buyback at the end of January, saying that that it had finalized an agreement with Merrill Lynch to begin repurchasing up to $100 million in common stock.
It now has $952 million reserved to fund the fulfillment of those repurchase requests, up 31percentt from June 30 and 223 percent from this time last year.
In the fourth quarter, the bank recorded a $464 million provision for future mortgage repurchases, up from $370 million in third quarter.
Home Depot said it expected overall sales to rise about 2 percent and sales at stores open at least 12 months to increase about 3 percent in the 2013 fiscal year, which began on Feb. 4. The company forecast earnings of $3.37 a share after stock repurchases, up about 12 percent from the previous year.
The company also increased its full-year earnings outlook to between $4.20 and $4.25, which includes approximately 3 cents from the increased level of share repurchases, up from the companys previous guidance between $4.10 and $4.20.
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