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SHAREHOLDERS' EQUITY (Tables)
9 Months Ended
Sep. 30, 2022
Equity [Abstract]  
COMMON SHARES ISSUED AND OUTSTANDING
The following table presents changes in common shares issued and outstanding:
  Three months ended September 30,Nine months ended September 30,
  2022202120222021
Shares issued, balance at beginning of period176,580 176,580 176,580 176,580 
Shares issued —  — 
Total shares issued at end of period176,580 176,580 176,580 176,580 
Treasury shares, balance at beginning of period(91,925)(91,813)(91,806)(92,227)
Shares repurchased(6)(4)(891)(201)
Shares reissued 17 10 783 621 
Total treasury shares at end of period(91,914)(91,807)(91,914)(91,807)
Total shares outstanding84,666 84,773 84,666 84,773 
SHARE REPURCHASES
The following table presents common shares repurchased from shares held in Treasury:
  Three months ended September 30,Nine months ended September 30,
  2022202120222021
In the open market:(1)
Total shares — 634 — 
Total cost$ $— $34,987 $— 
Average price per share(2)
$ $— $55.22 $— 
From employees:(3)
Total shares6 257 201 
Total cost$342 $206 $13,688 $10,025 
Average price per share(2)
$53.78 $49.91 $53.12 $49.87 
Total shares repurchased:
Total shares6 891 201 
Total cost$342 $206 $48,675 $10,025 
Average price per share(2)
$53.78 $49.91 $54.61 $49.87 
(1) Shares are repurchased pursuant to the Company's Board-authorized share repurchase program announced in December 2021, effective January 1, 2022 through
to December 31, 2022.
(2) Calculated using whole numbers.
(3)  Shares are repurchased from employees to facilitate the satisfaction of their personal withholding tax liabilities that arise on the vesting of share-settled restricted stock units.
DIVIDENDS The following table presents dividends declared and paid related to the Company's common and preferred shares:
Per share data
Dividends declaredDividends paid in period of declarationDividends paid in period following declaration
Three months ended September 30, 2022
   Common shares$0.43 $ $0.43 
   Series E preferred shares$34.38 $ $34.38 
Three months ended September 30, 2021
   Common shares$0.42 $— $0.42 
   Series E preferred shares$34.38 $— $34.38 
Nine months ended September 30, 2022
   Common shares$1.29 $0.86 $0.43 
   Series E preferred shares
$103.13 $68.75 $34.38 
Nine months ended September 30, 2021
   Common shares$1.26 $0.84 $0.42 
   Series E preferred shares$103.13 $68.75 $34.38