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Equity | 9 Months Ended
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Sep. 30, 2019
Equity [Abstract] |
Equity | 13. EQUITY Capital Purchase Program ("CPP") Warrants CPP warrants were issued in 2009 as part of a program established by the U.S. Department of the Treasury under the Emergency Economic Stabilization Act of 2008. The CPP warrants expired on June 26, 2019. CPP warrant exercises were 0.1 million for the three months ended September 30, 2018. CPP warrant exercises were 1.9 million and 0.2 million for the nine months ended September 30, 2019 and 2018, respectively. As of December 31, 2018, the Company had 1.9 million of CPP warrants outstanding and exercisable. Equity Repurchase Program In February, 2019, the Company announced a $1.0 billion share repurchase authorization by the Board of Directors which is effective through December 31, 2020. Based on projected holding company resources, the Company has begun share repurchases in 2019 but anticipates using the majority of the program in 2020. Any repurchase of shares under the equity repurchase program is dependent on market conditions and other factors. During the period October 1, 2019 to November 1, 2019, the Company repurchased approximately 0.6 million common shares for $36.
Equity Repurchase Activity and Remaining Repurchase Capacity
Three months ended | Common Shares Repurchased | Cost of Shares Repurchased | Average Price Paid per Share | Remaining Capacity Under Share Repurchase Authorization
(In millions, except for per share data) |  |  |  |
June 30, 2019 | 0.5 |  | $ | 27 |  | $ | 53.84 |  | $ | 973 |
September 30, 2019 | 1.1 |  | $ | 63 |  | $ | 58.50 |  | $ | 910 |
Total | 1.6 |  | $ | 90 |  |  |

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- 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
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