CAPITAL STOCK

9 Months Ended

Sep. 30, 2019

Equity [Abstract]

CAPITAL STOCK

CAPITAL STOCK

On October 27, 2006, our Board of Directors approved a three-year, $1 billion share repurchase program, which it modified in 2008 to make the term indefinite. During the nine months ended September 30, 2019 and 2018, we repurchased and retired 0.5 and 1.0 shares of common stock for $28.7 and $50.0, respectively, under this program. To date, the Company has repurchased 22.7 shares for $938.1 under this program. On October 30, 2019, the Board of Directors approved a new $40 share repurchase authorization to effectively close out the current share repurchase program and approved a new indefinite term $500 share repurchase program.

Separate from the share repurchase program, the Company repurchased 0.2 and 0.1 shares during the nine months ended September 30, 2019 and 2018, respectively, for an aggregate price of $9.6 and $5.8, respectively, in settlement of employee tax withholding obligations due upon the vesting of RSUs and PSUs.