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SHAREHOLDERS' EQUITY (Tables)
3 Months Ended
Mar. 31, 2022
Equity [Abstract]  
Schedule of Dividends Payable
The following table summarizes the dividends declared and paid on common stock:
20222021
Cash
Dividend
Per Share
Total
Dividends
(in millions)
Cash
Dividend
Per Share
Total
Dividends
(in millions)
First Quarter$0.60 $150.9 $0.55 $151.8 
Schedule of Share Repurchases The table below summarizes share repurchases during the three months ended March 31, 2022 and 2021:
Three Months Ended
March 31,
20222021
Treasury stock purchases (millions of dollars)$407.1 $775.4 
Treasury stock purchases (shares)1,450,000 3,300,000 
Average price per share$280.77 $234.96