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Share Repurchase Program
6 Months Ended
Jun. 30, 2022
Share Repurchase Program [Abstract]  
Share Repurchase Program Note 15. Share Repurchase Program

On September 7, 2021, we announced a three-year repurchase authorization of up to $400 million of outstanding shares of our common stock over the three-year period from September 3, 2021 through September 3, 2024.

Purchases of outstanding shares are as follows:

 

Three Months Ended

Six Months Ended

June 30,

June 30,

(In millions, except per share data)

2022

2021

2022

2021

Number of shares purchased

0.8

1.9

$

Average price paid per share(1)

$

22.16

$

$

30.51

Cost of shares purchased

$

19

$

59

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(1)The average price paid per share is calculated on a trade date basis and excludes commissions.