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Share Repurchase Program (Tables) | 9 Months Ended
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Sep. 30, 2020
Share Repurchase Program [Abstract] |
Share Repurchase Program | The table below represents shares repurchased under repurchase programs in the first, second, and third quarters of 2020 and 2019:
| Number of Shares Purchased | Average Price Paid [a]
| 2020 | 2019 | 2020 | 2019
First quarter [b] | 14,305,793 | 18,149,450 | $ | 178.66 | $ | 165.79
Second quarter | - | 3,732,974 |  | - |  | 171.24
Third quarter [c] | 4,045,575 | 9,529,733 |  | 98.87 |  | 163.30
Total | 18,351,368 | 31,412,157 | $ | 161.07 | $ | 165.68
Remaining number of shares that may be repurchased under current authority |  | 114,803,713
[a]In the period of the final settlement, the average price paid under the accelerated share repurchase programs is calculated based on the total program value less the value assigned to the initial delivery of shares. The average price of the completed 2020 and 2019 accelerated share repurchase programs was $155.86 and $167.01, respectively. [b]Includes 8,786,380 and 11,795,930 shares repurchased in February 2020 and 2019, respectively, under accelerated share repurchase programs. [c]Includes an incremental 4,045,575 and 3,172,900 shares received upon final settlement in July 2020 and August 2019, respectively, under accelerated share repurchase programs.

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- Definition This element is used to disclose the repurchases of common stock through the company's repurchase program. + References No definition available. + Details
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