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Shareholders' Equity
6 Months Ended
Jun. 30, 2018
Shareholders' Equity
Shareholders’ Equity
Share repurchases
In December 2014, the Board of Directors authorized the repurchase of our ordinary shares up to a maximum dollar limit of $1.0 billion (the “2014 Authorization). On May 8, 2018, the Board of Directors authorized the repurchase of our ordinary shares up to a maximum dollar limit of $750.0 million (the “2018 Authorization”), replacing the 2014 Authorization. The 2018 Authorization expires on May 31, 2021. During the six months ended June 30, 2018, we repurchased 5.5 million of our shares for $300.0 million, of which 2.2 million shares, or $150.0 million, and 3.3 million shares, or $150.0 million, were repurchased pursuant to the 2014 and 2018 Authorizations, respectively. As of June 30, 2018, we had $600.0 million available for share repurchases under the 2018 Authorization.
Dividends payable
On May 8, 2018, the Board of Directors declared a quarterly cash dividend of $0.35, which reflects an adjustment for the Distribution, payable on August 3, 2018 to shareholders of record at the close of business on July 20, 2018. As a result, the balance of dividends payable included in Other current liabilities on our Condensed Consolidated Balance Sheets was $30.7 million and $63.1 million at June 30, 2018 and December 31, 2017, respectively.