XML 29 R19.htm IDEA: XBRL DOCUMENT v3.19.1
Shareholders' Equity
 3 Months Ended
Mar. 31, 2019
Equity [Abstract]  
Shareholders' Equity
Shareholders’ Equity
During the first quarter of 2019, we declared a cash dividend on our common stock of $0.70 per share, which was paid in April 2019. During the first quarter of 2019, we also paid a cash dividend on our common stock of $0.70 per share, which was declared during the fourth quarter of 2018.
During the first quarter of 2018, we declared a cash dividend on our common stock of $0.60 per share, which was paid in April 2018. During the first quarter of 2018, we also paid a cash dividend on our common stock of $0.60 per share, which was declared during the fourth quarter of 2017.
In May 2018, our board of directors authorized a 24-month common stock repurchase program for up to $1.0 billion. The timing and number of shares to be repurchased will depend on a variety of factors, including price and market conditions. Repurchases under the program may be made at management's discretion from time to time on the open market or through privately negotiated transactions. During the first quarter of 2019, there were no common stock repurchases under this program. During the year ended December 31, 2018, we repurchased 2.8 million shares of our common stock under this program, for a total of $300.0 million, in open market transactions. As of March 31, 2019, we have approximately $700.0 million that remains available for future stock repurchase transactions under our Board authorized program.