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Common Stock Repurchase Program | 9 Months Ended
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Sep. 30, 2022
Disclosure Common Stock Repurchase Program Additional Information [Abstract] |
Common Stock Repurchase Program | Common Stock Repurchase ProgramIn May 2018, our Board of Directors authorized a plan to repurchase up to $600.0 million of our common stock (“May 2018 Repurchase Program”). As of December 31, 2021, the authorization under the May 2018 Repurchase Program was completed. In May 2021, our Board of Directors authorized a plan to repurchase up to $1.0 billion of our common stock (“May 2021 Repurchase Program”). As of September 30, 2022, we have $449.9 million available for repurchases under the May 2021 Repurchase Program. Accelerated Share Repurchase Agreements (“ASRs”) During the nine months ended September 30, 2022 and 2021, we entered into ASRs providing for the repurchase of our common stock based on the volume-weighted average price during the term of the agreement, less an agreed upon discount. The following table summarizes the information regarding repurchases of our common stock under ASRs:
Agreement Date |  | Repurchase Program |  | Amount Paid (in millions) |  | Completion Date |  | Total Shares Received |  | Average Price per Share
Q2 2021 |  | May 2018 |  | $ | 100.0 |  |  | Q3 2021 |  | 171,322 |  |  | $ | 583.70 |
Q2 2021 |  | May 2021 |  | $ | 100.0 |  |  | Q3 2021 |  | 161,707 |  |  | $ | 618.40 |
Q3 2021 |  | May 2021 |  | $ | 75.0 |  |  | Q3 2021 |  | 109,239 |  |  | $ | 686.91 |
Q2 2022 |  | May 2021 |  | $ | 200.0 |  |  | Q2 2022 |  | 756,502 |  |  | $ | 264.37 |
Subsequent to the third quarter, on October 28, 2022, we entered into an ASR to repurchase $200.0 million of our common stock. We paid $200.0 million and received an initial delivery of approximately 0.8 million shares based on current market prices. The final number of shares to be repurchased will be based on our volume-weighted average stock price under the terms of the ASR, less an agreed upon discount. Open Market Common Stock Repurchases During the nine months ended September 30, 2022, we repurchased on the open market approximately 0.1 million shares of our common stock at an average price of $522.61 per share, including commissions and fees, for an aggregate purchase price of $75.0 million.

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