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Share Repurchase Program (Tables) | 9 Months Ended
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Sep. 30, 2021
Share Repurchase Program [Abstract] |
Share Repurchase Program | The table below represents shares repurchased under repurchase programs in the first, second, and third quarters of 2021 and 2020:
| Number of Shares Purchased | Average Price Paid [a]
| 2021 | 2020 | 2021 | 2020
First quarter [b] | 6,691,421 | 14,305,793 | $ | 209.50 | $ | 178.66
Second quarter [c] | 12,204,409 | - |  | 222.46 |  | -
Third quarter [d] | 8,604,239 | 4,045,575 |  | 210.31 |  | 98.87
Total | 27,500,069 | 18,351,368 | $ | 215.51 | $ | 161.07
Remaining number of shares that may be repurchased under current authority |  | 83,522,901
[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 2021 and 2020 accelerated share repurchase programs was $217.56 and $155.86, respectively. [b]Includes 8,786,380 shares repurchased in February 2020 under accelerated share repurchase programs. [c]Includes 7,209,156 shares repurchased in May 2021 under accelerated share repurchase programs. [d]Includes an incremental 1,983,859 and 4,045,575 shares received upon final settlement in September 2021 and July 2020, 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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