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TREASURY STOCK
6 Months Ended
Jun. 30, 2016
Equity [Abstract]  
TREASURY STOCK
TREASURY STOCK
 
In the first quarter of 2016, the Company's Board of Directors authorized a program to repurchase up to $3.0 billion of the Company's common stock. In the six months ended June 30, 2016, the Company repurchased 318,257 shares of its common stock in the open market for an aggregate cost of $402.9 million, which included stock repurchases in June 2016 of 27,320 shares for an aggregate cost of $33.5 million that were settled in July 2016. As a result, the Unaudited Consolidated Balance Sheet at June 30, 2016 includes $33.5 million in "Accrued expenses and other current liabilities" for these unsettled stock repurchases. The Unaudited Consolidated Statement of Cash Flows for the six months ended June 30, 2016 excludes the impact of these stock repurchases settled in July 2016.

As of June 30, 2016, the Company had a remaining authorization of $2.6 billion to purchase its common stock. 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 119,509 shares and 57,332 shares at aggregate costs of $155.8 million and $70.9 million in the six months ended June 30, 2016 and 2015, respectively, to satisfy employee withholding taxes related to stock-based compensation.
 
As of June 30, 2016, there were 12,865,743 shares of the Company's common stock held in treasury.