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Earnings Per Share, Share Repurchases and Dividends on Common Stock (Unaudited) (Tables)
3 Months Ended
Mar. 31, 2016
Equity [Abstract]  
Share Repurchases
The table below summarizes the company’s share repurchases to date under the authorizations described above:
 
 
 
 
 
 
 
 
 
 
Shares Repurchased
(in millions)
Repurchase Program
Authorization Date
 
Amount
Authorized
(in millions)
 
Total
Shares Retired
(in millions)
 
Average 
Price
Per Share
(1)
 
Date Completed
 
Three Months Ended March 31
 
2016
 
2015
May 15, 2013
 
$
4,000

 
32.8

 
$
121.97

 
March 2015
 

 
2.7

December 4, 2014
 
$
3,000

 
18.0

 
$
166.70

 
March 2016
 
1.4

 
2.6

September 16, 2015
 
$
4,000

 
0.1

 
$
198.61

 

 
0.1

 


(1) 
Includes commissions paid.