Equity

9 Months Ended

Sep. 30, 2021

Equity [Abstract]

Equity

Equity

The decrease in common stock during the nine months ended September 30, 2021, was primarily due to the repurchases of 9.0 million shares, partially offset by the issuance of 1.8 million shares of the Company’s common stock, net of cancellations, under the Company’s stock-based compensation plans. The total net decrease was 7.2 million shares.

The Company recorded a cash dividend of $0.120 per share during the third quarter of 2021 as compared to a cash dividend of $0.120 per share during the third quarter of 2020. The third quarter 2021 dividend of $28.4 million was declared on August 4, 2021, and was paid on October 21, 2021.