XML 23 R17.htm IDEA: XBRL DOCUMENT
v3.19.3

ACCELERATED SHARE REPURCHASE | 9 Months Ended
--- | ---
Sep. 30, 2019
Equity [Abstract] |
ACCELERATED SHARE REPURCHASE | ACCELERATED SHARE REPURCHASE During 2019 and 2018, the Company entered into accelerated share repurchase ("ASR") agreements providing for the repurchase of the Company's common stock based on the volume-weighted average price ("VWAP") of the Company's common stock during the term of the agreements, less a discount. The following table summarizes the terms of the ASR agreements (dollars and shares in millions, except per share data):
|  |  |  | Initial Delivery |  | Final Settlement
Agreement Date |  | Amount Paid |  | Shares Received |  | Price per Share (a) |  | Value of Shares as % of Contract Value |  | Settlement Date |  | Total Shares Received |  | Average Price per Share (a)
April 2018 |  | $ | 400.0 |  |  | 2.5 |  |  | $ | 127.36 |  |  | 80 | % |  | July 2018 |  | 2.8 |  |  | $ | 142.37 |
May 2019 |  | $ | 150.0 |  |  | 0.7 |  |  | $ | 178.66 |  |  | 80 | % |  | May 2019 |  | 0.8 |  |  | $ | 178.42 |
May 2019 |  | $ | 100.0 |  |  | 0.5 |  |  | $ | 170.02 |  |  | 80 | % |  | June 2019 |  | 0.6 |  |  | $ | 178.46 |
The ASR agreements were accounted for as two separate transactions: (a) the value of the initial delivery of shares was recorded as shares of common stock acquired in a treasury stock transaction on the acquisition date and (b) the remaining amount of the purchase price paid was recorded as a forward contract indexed to the Company's own common stock and was recorded in "Additional Paid-in Capital" on the consolidated balance sheets. The initial delivery of shares resulted in an immediate reduction of the outstanding shares used to calculate the weighted-average common shares outstanding for basic and diluted earnings per share. The Company determined that the forward contract indexed to the Company's common stock met all the applicable criteria for equity classification and, therefore, was not accounted for as a derivative instrument.

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
Name: | us-gaap_StockholdersEquityNoteDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration