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STOCKHOLDERS' EQUITY
3 Months Ended
Mar. 31, 2018
Equity [Abstract]  
STOCKHOLDERS' EQUITY
STOCKHOLDERS’ EQUITY
Preferred Stock
The Company had 100,000,000 shares authorized and 250,000 shares outstanding of $25.00 par value undesignated preferred stock as of March 31, 2018 and December 31, 2017, respectively. For further detail regarding the terms and conditions of the Company’s preferred stock see Note 16 “Stockholders’ Equity” to the Company’s audited Financial Statements in the Annual Report on Form 10-K for the year ended December 31, 2017.
Treasury Stock
During the three months ended March 31, 2018, the Company repurchased $175 million, or 3,887,023 shares, of its outstanding common stock. The repurchased shares are held in treasury stock.