Capital Stock

3 Months Ended

Mar. 31, 2017

Class of Stock Disclosures [Abstract]

Capital Stock

CAPITAL STOCK

In February 2017 we declared a quarterly dividend of $0.425 per share payable on April 28, 2017 to shareholders of record at the close of business on March 31, 2017.

In March 2015 we announced that our Board of Directors had authorized us to purchase up to $2,000 of our common stock. In 2017 we repurchased 1.9 million shares at a cost of $230 under our authorized repurchase program. The manner, timing and amount of repurchases are determined by management based on an evaluation of market conditions, stock price and other factors and is subject to regulatory considerations. Purchases are made from time-to-time in the open market, in privately negotiated transactions or otherwise. On March 31, 2017 the total dollar value of shares that could be acquired under our authorized repurchase programs was $1,640.