XML 50 R29.htm IDEA: XBRL DOCUMENT v3.22.2.2

ACCELERATED SHARE REPURCHASE (Tables)

9 Months Ended

Sep. 30, 2022

Equity [Abstract]

Schedule of Accelerated Share Repurchases

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						Value of Shares as % of Contract Value						Settlement Date						Total Shares Received						Average Price per Share
February 2021						$	250.0					2.4						$	83.86					80		%				March 2021						3.0						$	84.51
January 2022						$	250.0					1.9						$	104.87					80		%				February 2022						2.3						$	110.31

X

- Definition

Tabular disclosure of accelerated share repurchase (ASR) programs. An ASR is a combination of transactions that permits an entity to purchase a targeted number of shares immediately with the final purchase price of those shares determined by an average market price over a fixed period of time. An accelerated share repurchase program is intended to combine the immediate share retirement benefits of a tender offer with the market impact and pricing benefits of a disciplined daily open market stock repurchase program. ASRs can be disclosed as part of stockholders' equity.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 30
-Section 25
-Paragraph 5
-URI https://asc.fasb.org/extlink&oid=6405686&loc=d3e22802-112653

+ Details

Name:	us-gaap_AcceleratedShareRepurchasesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_EquityAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration