Share Repurchases

12 Months Ended

Dec. 31, 2015

Payments For Repurchase Of Equity [Abstract]

13.	Share Repurchases

On January 28, 2015, the Board authorized a new share repurchase program, under which the Company may repurchase up to $500 million in shares of Common Stock (the “2015 Share Repurchase Program”). The 2015 Share Repurchase Program replaced the 2014 Share Repurchase Program. The Company also continued its evergreen share repurchase program, authorized by the Board on January 29, 2014, under which the Company may repurchase, from time to time, Common Stock to reduce or eliminate dilution associated with issuances of Common Stock under the Company’s incentive plans.

In 2015, the Company purchased approximately 4.4 million shares of Common Stock for $363.1, of which $88.0 was purchased under the evergreen share repurchase program and $275.1 was purchased under the 2015 Share Repurchase Program, including an accelerated share repurchase contract with a commercial bank to repurchase 2.6 million shares of Common Stock at a cost of $215.0. As a result of the Company’s purchases, there remained $224.9 under the 2015 Share Repurchase Program as of December 31, 2015.