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Share Repurchase Program
9 Months Ended
Sep. 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

Nine Months Ended

September 30,

September 30,

(In millions, except per share data)

2022

2021

2022

2021

Number of shares purchased

0.5

1.9

0.5

Average price paid per share(1)

$

$

46.11

$

30.51

$

46.11

Cost of shares purchased

$

$

25

$

59

$

25

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