Quarterly report pursuant to Section 13 or 15(d)

Share Repurchase Program

v3.20.2
Share Repurchase Program
 6 Months Ended
Jun. 30, 2020
Equity [Abstract]  
Share Repurchase Program SHARE REPURCHASE PROGRAM

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 three and six months ended June 30, 2020 and 2019:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2020
 
2019
 
2020
 
2019
Aggregate common stock repurchased
—

 
44,600

 
2,875,376

 
44,600

Weighted average price paid per share
$
—

 
$
68.30

 
$
53.88

 
$
68.30

Total amount paid (in millions)
$
—

 
$
3

 
$
155

 
$
3


As of June 30, 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.