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Subsequent Events | 9 Months Ended
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Sep. 30, 2015
Subsequent Events [Abstract] |
SUBSEQUENT EVENTS | SUBSEQUENT EVENTS Stock Repurchase Program — Subsequent to September 30, 2015, the Parent Company repurchased an additional 1.6 million shares at a cost of $16 million, bringing the cumulative repurchases total from July 2010 through November 4, 2015 to 139.5 million shares for a total cost of $1.7 billion, at an average price per share of $12.41 (including a nominal amount of commissions). On November 2, 2015, the Company’s Board of Directors authorized a further increase in the Stock Repurchase Program by an additional $400 million, which brings the total share repurchase authorization to $2.1 billion. As of November 4, 2015, $400 million remains available under the Program. See Note 11—Equity for additional information. Dividends — On October 8, 2015, the Parent Company’s BoD declared a dividend of $0.10 per outstanding common share payable on November 16, 2015 to the shareholders of record at the close of business on November 2, 2015. Solar Italy — On October 1, 2015, the Company completed the sale of Solar Italy for $42 million. The Company expects to recognize a gain on this transaction in the fourth quarter of 2015.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
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