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SHAREHOLDERS' EQUITY (Tables)
3 Months Ended
Mar. 31, 2020
Equity [Abstract]  
Stock repurchase activity under current stock repurchase program
The following table summarizes share repurchase activity under our current share repurchase program:
($ in millions, except per share amounts)
Number of Shares Repurchased
 
Cost of Shares Repurchased
 
Average Price Paid per Share
As of December 31, 2019
16,418,950

 
$
1,258

 
$
76.60

For the first quarter of 2020
769,935

 
82

 
106.60

As of March 31, 2020
17,188,885

 
$
1,340

 
$
77.95


Cash dividend declared
We declared cash dividends to holders of common stock during the first quarter of 2020 as follows:
Declaration Date
 
Shareholder Record Date
 
Distribution Date
 
Dividend per Share
February 14, 2020
 
February 27, 2020
 
March 12, 2020
 
$0.54