Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity

v3.21.2
Stockholders' Equity
 9 Months Ended
Sep. 30, 2021
Equity [Abstract]  
Stockholders' Equity STOCKHOLDERS’ EQUITY
Share Repurchase Programs

On June 3, 2019, we announced that our Board of Directors (the “Board”) authorized a three-year, $1.0 billion share repurchase program. On September 7, 2021, the Board authorized an increase in the share repurchase program to $1.0 billion, inclusive of any amounts remaining under the previous authorization as of September 30, 2021, for an additional three years beginning on October 1, 2021. The following table presents information with respect to repurchases of common stock during the three and nine months ended September 30, 2021 and 2020 (in millions, except per share data):
Three Months Ended September 30, Nine Months Ended September 30,
2021 2020 2021 2020
Aggregate common stock repurchased 0.1  —  0.1  2.9 
Weighted average price paid per share $ 83.97  $ —  $ 83.97  $ 53.88 
Total amount paid $ 6  $ —  $ 6  $ 155 

As of September 30, 2021, we had up to $589 million of the share repurchase program available, which increased to $1.0 billion as of October 1, 2021.
Dividends

On September 7, 2021, we declared a quarterly dividend of $0.33 per share that is payable on November 17, 2021 to shareholders of record as of November 3, 2021. As of September 30, 2021, we had $85 million accrued related to this obligation, which is included in accrued liabilities and other non-current liabilities in our Consolidated Balance Sheets.