Share Repurchase Program
|12 Months Ended|
Dec. 31, 2019
|Share Repurchase Program||SHARE REPURCHASE PROGRAM
On June 3, 2019, we announced that our Board authorized a 3-year, $1.0 billion share repurchase program. During the year ended December 31, 2019, we repurchased an aggregate of 4.0 million shares of our common stock for $249 million, for a weighted average price per share of $62.27.
As of December 31, 2019, we had up to $751 million of the share repurchase program available. Under the share repurchase program, repurchases can be made from time to time using a variety of methods, which may include open market purchases, privately negotiated transactions or otherwise, all in accordance with the rules of the SEC and other applicable legal requirements. The timing and amount of any shares of our common stock that are repurchased under the share repurchase program will be determined by our management based on market conditions and other factors. The share repurchase program does not obligate us to acquire any particular amount of common stock, and may be modified, suspended or discontinued at any time or from time to time at our discretion.
The entire disclosure for treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef