Annual report pursuant to Section 13 and 15(d)

Share Repurchase Program

Share Repurchase Program
12 Months Ended
Dec. 31, 2020
Equity [Abstract]  
On June 3, 2019, we announced that our Board of Directors (“Board”) authorized a 3-year, $1.0 billion share repurchase program. The following table presents information with respect to repurchases of common stock during the years ended December 31, 2020 and 2019:
Year Ended December 31,
2020 2019
Aggregate common stock repurchased 2,875,376  4,000,424 
Weighted average price paid per share $ 53.88  $ 62.27 
Total amount paid (in millions) $ 155  $ 249 
As of December 31, 2020, we had up to $596 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.