Stock Repurchase Plans	6 Months Ended
Jun. 30, 2016
Stock Repurchase Plans
Stock Repurchase Plans	Stock Repurchase Plans On November 20, 2013, Holdings announced that its Board of Directors approved a new stock repurchase program that permits Holdings to repurchase up to $500.0 million in shares of Holdings' common stock over a four-year period (the "November 2013 Stock Repurchase Plan"). As of July 22, 2016, Holdings had repurchased 11,253,000 shares at a cumulative price of approximately $490.1 million and an average price per share of $43.56 under the November 2013 Stock Repurchase Plan, leaving approximately $9.9 million for permitted repurchases. On June 7, 2016, Holdings announced that its Board of Directors approved a new stock repurchase program that permits Holdings to repurchase an incremental $500.0 million in shares of Holdings' common stock (the "June 2016 Stock Repurchase Plan"). The amount of shares of common stock authorized to be repurchased under the June 2016 Stock Repurchase Plan is in addition to the amount remaining under Holdings' existing stock repurchase plan. Holdings intends to begin repurchasing shares of its common stock under the June 2016 Stock Repurchase Plan upon the utilization of the remaining availability under the November 2013 Stock Repurchase Plan. The timing of share repurchases is limited by the covenants in the Amended and Restated Credit Facility, the 2021 Notes and the 2024 Notes. We will continue to evaluate the share repurchase limits per the covenants on an on-going basis to determine our ability to utilize the remaining amount authorized for share repurchases. See Note 4 for further discussion.

Stock Repurchase Plans

On November 20, 2013, Holdings announced that its Board of Directors approved a new stock repurchase program that permits Holdings to repurchase up to $500.0 million in shares of Holdings' common stock over a four-year period (the "November 2013 Stock Repurchase Plan"). As of July 22, 2016, Holdings had repurchased 11,253,000 shares at a cumulative price of approximately $490.1 million and an average price per share of $43.56 under the November 2013 Stock Repurchase Plan, leaving approximately $9.9 million for permitted repurchases.

On June 7, 2016, Holdings announced that its Board of Directors approved a new stock repurchase program that permits Holdings to repurchase an incremental $500.0 million in shares of Holdings' common stock (the "June 2016 Stock Repurchase Plan"). The amount of shares of common stock authorized to be repurchased under the June 2016 Stock Repurchase Plan is in addition to the amount remaining under Holdings' existing stock repurchase plan. Holdings intends to begin repurchasing shares of its common stock under the June 2016 Stock Repurchase Plan upon the utilization of the remaining availability under the November 2013 Stock Repurchase Plan.

The timing of share repurchases is limited by the covenants in the Amended and Restated Credit Facility, the 2021 Notes and the 2024 Notes. We will continue to evaluate the share repurchase limits per the covenants on an on-going basis to determine our ability to utilize the remaining amount authorized for share repurchases. See Note 4 for further discussion.