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Stock Repurchase Program | 9 Months Ended
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Jun. 30, 2014
Stock Repurchase Program |
Stock Repurchase Program | 3. Stock Repurchase Program The Company’s Board of Directors have authorized a stock repurchase program (the Repurchase Program), the dollar value capacity of which has been authorized as follows:
Authorization Date |  | Increase in the Dollar Value Capacity |  | Maximum Dollar Value Capacity at the Authorization Date |
|  | (amounts in millions) |
August 2011 |  | $ | 200.0 |  | $ | 200.0 |
August 2012 |  | $ | 300.0 |  | $ | 500.0 |
January 2013 |  | $ | 500.0 |  | $ | 1,000.0 |
Share repurchases under the Repurchase Program can be made through open market purchases or other methods, including pursuant to a Rule 10b5-1 plan. The Company has purchased a total of 27.4 million shares at an average price of $24.10 per share, for a total cost of $660.1 million. As of June 30, 2014, $339.9 million was available for the repurchase of the Company’s common stock pursuant to the Repurchase Program. Repurchased shares are returned to treasury status, but remain authorized for registration and issuance in the future. Accelerated Share Repurchase In connection with the Repurchase Program, the Company entered into an agreement with a bank to repurchase 4.8 million shares for $100 million. The share repurchases occurred primarily in the quarter ended September 30, 2011. Rule 10b5-1 Repurchase Plan and Open Market Purchases In connection with the Repurchase Program, the Company has also repurchased a total of 22.6 million shares at an average price of $24.75 per share, for a total cost of $560.1 million.

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- Definition The entire disclosure of the total number of common shares repurchased by the entity. + References No definition available. + Details
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