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TREASURY STOCK
6 Months Ended
Jun. 30, 2015
Equity [Abstract]  
TREASURY STOCK
TREASURY STOCK
 
In the first quarter of 2015, the Company's Board of Directors authorized the repurchase of up to $3.0 billion of the Company's common stock, in addition to amounts previously authorized. In the six months ended June 30, 2015, the Company repurchased 917,890 shares of its common stock in the open market for an aggregate cost of $1.1 billion, which included stock repurchases in June 2015 of 155,129 shares for an aggregate cost of $175.8 million that were settled in July 2015. As a result, the Unaudited Consolidated Balance Sheet at June 30, 2015 includes $175.8 million in "Accrued expenses and other current liabilities." The Unaudited Consolidated Statement of Cash Flows for the six months ended June 30, 2015 excludes the impact of these stock repurchases settled in July 2015.

As of June 30, 2015, the Company had a remaining authorization of $1.9 billion to purchase its common stock.  During the period from July 1, 2015 to August 4, 2015, the Company repurchased 436,182 additional shares for an aggregate cost of $500.0 million. The Company may make additional repurchases of shares under its stock repurchase programs, depending on prevailing market conditions, alternate uses of capital and other factors. Whether and when to initiate and/or complete any purchase of common stock and the amount of common stock purchased will be determined at the Company's discretion.

The Board of Directors has given the Company the general authorization to repurchase shares of its common stock to satisfy employee withholding tax obligations related to stock-based compensation.  The Company repurchased 57,332 shares and 72,832 shares at aggregate costs of $70.9 million and $97.3 million in the six months ended June 30, 2015 and 2014, respectively, to satisfy employee withholding taxes related to stock-based compensation.
 
As of June 30, 2015, there were approximately 10.9 million shares of the Company's common stock held in treasury.