SHAREHOLDERS' EQUITY

6 Months Ended

Jun. 30, 2020

Equity [Abstract]

SHAREHOLDERS’ EQUITY

SHAREHOLDERS’ EQUITY

We repurchase our common stock mainly through open market repurchase plans and, at times, through accelerated share repurchase programs. During the three months ended June 30, 2020, there were no repurchases. During the three months ended June 30, 2019, we repurchased and retired 513,116 shares of our common stock at a cost, including commissions, of $72.0 million, or $140.32 per share. During the six months ended June 30, 2020 and 2019, we repurchased and retired 2,094,731 and 1,808,398 shares of our common stock at a cost, including commissions, of $404.0 million and $230.0 million, or $192.85 per share and $127.18 per share, respectively.

On February 26, 2020, our board of directors approved an increase to our existing share repurchase program authorization, which raised the total available authorization to $1 billion. As of June 30, 2020, the amount that may yet be purchased under our share repurchase program was $880.0 million.

On July 29, 2020, our board of directors declared a dividend of $0.195 per share payable on September 24, 2020 to common shareholders of record as of September 10, 2020.