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SHAREHOLDERS' EQUITY | 9 Months Ended
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Sep. 30, 2015
Stockholders' Equity Note [Abstract] |
SHAREHOLDERS' EQUITY | The following table presents our common shares issued and outstanding:
|  | Three months ended September 30, |  | Nine months ended September 30, |
|  | 2015 |  | 2014 |  | 2015 |  | 2014 |
| Shares issued, balance at beginning of period | 176,206 |  |  | 175,315 |  |  | 175,478 |  |  | 174,134 |  |
| Shares issued | 16 |  |  | 84 |  |  | 744 |  |  | 1,265 |  |
| Total shares issued at end of period | 176,222 |  |  | 175,399 |  |  | 176,222 |  |  | 175,399 |  |
| Treasury shares, balance at beginning of period | (75,922 | ) |  | (71,409 | ) |  | (76,052 | ) |  | (64,649 | ) |
| Shares repurchased | (4,257 | ) |  | (3,169 | ) |  | (4,607 | ) |  | (10,263 | ) |
| Shares reissued from treasury | 6 |  |  | 6 |  |  | 486 |  |  | 340 |  |
| Total treasury shares at end of period | (80,173 | ) |  | (74,572 | ) |  | (80,173 | ) |  | (74,572 | ) |
| Total shares outstanding | 96,049 |  |  | 100,827 |  |  | 96,049 |  |  | 100,827 |  |
Treasury Shares The following table presents our share repurchases:
|  | Three months ended September 30, |  | Nine months ended September 30, |
|  | 2015 |  | 2014 |  | 2015 |  | 2014 |
| In the open market: |  |  |  |  |  |  |  |
| Total shares(1) | 4,248 |  |  | 3,159 |  |  | 4,264 |  |  | 9,838 |  |
| Total cost | $ | 245,658 |  |  | $ | 150,000 |  |  | $ | 246,490 |  |  | $ | 450,000 |  |
| Average price per share(2) | $ | 57.83 |  |  | $ | 47.49 |  |  | $ | 57.80 |  |  | $ | 45.74 |  |
| From employees: |  |  |  |  |  |  |  |
| Total shares | 9 |  |  | 10 |  |  | 343 |  |  | 425 |  |
| Total cost | $ | 489 |  |  | $ | 449 |  |  | $ | 17,586 |  |  | $ | 18,532 |  |
| Average price per share(2) | $ | 55.59 |  |  | $ | 45.39 |  |  | $ | 51.28 |  |  | $ | 43.65 |  |
| Total shares repurchased: |  |  |  |  |  |  |  |
| Total shares | 4,257 |  |  | 3,169 |  |  | 4,607 |  |  | 10,263 |  |
| Total cost | $ | 246,147 |  |  | $ | 150,449 |  |  | $ | 264,076 |  |  | $ | 468,532 |  |
| Average price per share(2) | $ | 57.83 |  |  | $ | 47.48 |  |  | $ | 57.32 |  |  | $ | 45.65 |  |
(1) Includes 4,149,378 shares initially acquired under the accelerated share repurchase program (see below for more detail). (2) Calculated using whole figures. Accelerated Share Repurchase Program On August 17, 2015, the Company entered into an Accelerated Share Repurchase (“ASR”) agreement with Goldman, Sachs & Co. (“Goldman Sachs”) to repurchase an aggregate of $300 million of the Company’s ordinary shares under an accelerated share repurchase program. During August, 2015, under the terms of this agreement, the Company paid $300 million to Goldman Sachs and initially repurchased 4,149,378 ordinary shares. The initial shares acquired represented 80% of the $300 million total paid to Goldman Sachs and were calculated using the Company’s stock price at activation of the program. The ASR program is accounted for as an equity transaction. Accordingly, $240 million of shares repurchased are included as treasury shares in the Consolidated Balance Sheet with the remaining $60 million included as a reduction to additional paid-in capital until the completion of the ASR agreement. The scheduled termination date of the ASR agreement is February 18, 2016 but Goldman Sachs may accelerate the termination at any time on, or after, November 18, 2015. The final number of shares to be delivered will be based on the Company’s volume-weighted average price (“VWAP”) for the period from August 18, 2015 to the termination date, less a discount. Had the ASR agreement settled on September 30, 2015, Goldman Sachs would have been required to deliver to the Company an additional 1,372,048 shares of the Company’s common stock. Under the terms of the ASR agreement, if the Company’s VWAP over the full reference period is 10% higher than the VWAP calculated at September 30, 2015, Goldman Sachs will be required to deliver 865,066 ordinary shares; if the Company’s VWAP decreases by 10%, Goldman Sachs will be required to deliver 1,993,077 ordinary shares.

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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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(d),(e)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 4.E) -URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.29-31) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SAB TOPIC 4.C) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187143-122770 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Preferred Stock -URI http://asc.fasb.org/extlink&oid=6521494 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section E Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section C + Details
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