in 2006 what was the total amount authorized by the board of directors authorized for the repurchase of shares in billions
item 1b . unresolved staff comments . item 2 . properties . 3m 2019s general offices , corporate research laboratories , and certain division laboratories are located in st . paul , minnesota . in the united states , 3m has nine sales offices in eight states and operates 74 manufacturing facilities in 27 states . internationally , 3m has 148 sales offices . the company operates 93 manufacturing and converting facilities in 32 countries outside the united states . 3m owns substantially all of its physical properties . 3m 2019s physical facilities are highly suitable for the purposes for which they were designed . because 3m is a global enterprise characterized by substantial intersegment cooperation , properties are often used by multiple business segments . item 3 . legal proceedings . discussion of legal matters is incorporated by reference from part ii , item 8 , note 13 , 201ccommitments and contingencies , 201d of this document , and should be considered an integral part of part i , item 3 , 201clegal proceedings . 201d item 4 . submission of matters to a vote of security holders . none in the quarter ended december 31 , 2007 . part ii item 5 . market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities . equity compensation plans 2019 information is incorporated by reference from part iii , item 12 , 201csecurity ownership of certain beneficial owners and management and related stockholder matters , 201d of this document , and should be considered an integral part of item 5 . at january 31 , 2008 , there were approximately 121302 shareholders of record . 3m 2019s stock is listed on the new york stock exchange , inc . ( nyse ) , the chicago stock exchange , inc. , and the swx swiss exchange . cash dividends declared and paid totaled $ .48 per share for each quarter of 2007 , and $ .46 per share for each quarter of 2006 . stock price comparisons follow : stock price comparisons ( nyse composite transactions ) ( per share amounts ) quarter second quarter quarter fourth quarter year .

| (Per share amounts) | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Year |
| :--- | :--- | :--- | :--- | :--- | :--- |
| 2007 High | $79.88 | $89.03 | $93.98 | $97.00 | $97.00 |
| 2007 Low | 72.90 | 75.91 | 83.21 | 78.98 | 72.90 |
| 2006 High | $79.83 | $88.35 | $81.60 | $81.95 | $88.35 |
| 2006 Low | 70.30 | 75.76 | 67.05 | 73.00 | 67.05 |

issuer purchases of equity securities repurchases of common stock are made to support the company 2019s stock-based employee compensation plans and for other corporate purposes . on february 13 , 2006 , the board of directors authorized the purchase of $ 2.0 billion of the company 2019s common stock between february 13 , 2006 and february 28 , 2007 . in august 2006 , 3m 2019s board of directors authorized the repurchase of an additional $ 1.0 billion in share repurchases , raising the total authorization to $ 3.0 billion for the period from february 13 , 2006 to february 28 , 2007 . in february 2007 , 3m 2019s board of directors authorized a two- year share repurchase of up to $ 7.0 billion for the period from february 12 , 2007 to february 28 , 2009. .

authorized_repurchases = 2 + 1
answer = authorized_repurchases