Walgreens Uses Windfall From GOP Tax Cut To Buy Back Shares

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18. Stock buybacks this year are expected to eclipse the 2007 record of $587 Billion

America’s 500 biggest public companies in 2018 are expected to distribute up to $600 billion or more through stock buybacks.

Even Warren Buffett, who for more than 50 years has avoided such a move, is considering offering a buyback to his 1 million shareholders in Berkshire Hathaway.

“As the subject of repurchases has come to a boil, some people have come close to calling them un-American — characterizing them as corporate misdeeds that divert funds needed for productive endeavors,” Buffett wrote in his annual letter to shareholders. “That simply isn’t the case.”

Some of America’s best-known companies are right there with him — Cisco Systems, PepsiCo, Oracle, Wells Fargo, Amgen, eBay, Mondelez, Lowe’s, Visa and Google’s parent Alphabet have all announced stock repurchases since December.

https://www.thestar.com/business/2018/04/16/why-some-of-the-biggest-companies-in-the-us-are-announcing-buybacks.html
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By way of comparison, in Obama's last year in office, total stock buybacks were around $160 Billion