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SHAREHOLDERS’ EQUITY
 12 Months Ended
Dec. 31, 2022
Equity [Abstract]  
SHAREHOLDERS’ EQUITY SHAREHOLDERS’ EQUITY
We repurchase our common stock mainly through open market repurchase plans and, at times, through accelerated share repurchase ("ASR") programs. Information about shares repurchased and retired was as follows for the years ended December 31, 2022, 2021 and 2020:
Years Ended December 31,
202220212020
(in thousands, except per share amounts)
Number of shares repurchased and retired23,266 15,169 3,304 
Cost of shares repurchased, including commissions$2,929,814 $2,513,629 $633,948 
Average cost per share$125.93 $165.72 $191.87 

The share repurchase activity for the year ended December 31, 2021 included the repurchase of 2,491,161 shares at an average price of $200.71 per share under an ASR agreement we entered into on February 10, 2021 with a financial institution to repurchase an aggregate of $500 million of our common stock during the ASR program purchase period, which ended on March 31, 2021.

As of December 31, 2022, the amount available under our share repurchase program was $1,089.9 million. On January 26, 2023, our board of directors approved an increase to our existing share repurchase program authorization, which raised the total available authorization to $1.5 billion.

On January 26, 2023, our board of directors declared a cash dividend of $0.25 per share payable on March 31, 2023 to common shareholders of record on March 17, 2023.