SHAREHOLDERS' EQUITY

9 Months Ended

Sep. 30, 2020

Equity [Abstract]

SHAREHOLDERS’ EQUITY

SHAREHOLDERS’ EQUITYWe repurchase our common stock mainly through open market repurchase plans and, at times, through accelerated share repurchase programs. During the three months ended September 30, 2020 and 2019, there were no repurchases. During the nine months ended September 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 October 28, 2020, our board of directors approved an increase to our existing share repurchase program authorization, which raised the total available authorization to $1.25 billion. As of September 30, 2020, the amount that may yet be purchased under our share repurchase program was $880.0 million.

On October 28, 2020, our board of directors declared a dividend of $0.195 per share payable on December 31, 2020 to common shareholders of record as of December 17, 2020.