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SHAREHOLDERS' EQUITY
6 Months Ended
Jun. 30, 2020
Equity [Abstract]  
SHAREHOLDERS' EQUITY SHAREHOLDERS' EQUITY
Dividends paid on common stock during each of the first two quarters of 2020 and 2019 were $1.34 per share and $1.13 per share, respectively.
During the six months ended June 30, 2020, 429,604 stock options were exercised at a weighted average price per share of $180.99. In addition, 119,417 restricted stock units vested during this period.
The treasury stock transferred from defined benefit pension plan during the three months ended March 31, 2019 relates to the termination of the Company's domestic defined benefit pension plan as described in Note 7. In February 2020, the Company received proceeds of $57.4 million in conjunction with the issuance of 100,000 treasury shares to fund Company contributions to the domestic defined contribution plan.