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Stock Repurchases

12 Months Ended

Dec. 31, 2021

Equity [Abstract]

Schedule of Stock Repurchases

The following table summarizes our stock repurchases for the three and six months ended June 30, 2022 and 2021:

(Dollars in millions)						For the Three Months Ended June 30,
						2022												2021
						Number of Shares Repurchased						Cost						Number of Shares Repurchased						Cost
Open Market (1)						403,953						$	229.7					598,163						$	254.5
(Dollars in millions)						For the Six Months Ended June 30,
						2022												2021
Stock Repurchases						Number of Shares Repurchased						Cost						Number of Shares Repurchased						Cost
Open Market (1)						1,205,943						$	651.7					984,505						$	387.0
Other (2)						1,745						1.0						7,066						2.7
Total						1,207,688						$	652.7					991,571						$	389.7

(1)     Represents repurchases under authorizations by the board of directors for the repurchase of shares by us from time to time in the open market through privately negotiated transactions, through block trades, pursuant to trading plans adopted in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934 or otherwise. On September 28, 2021, the board of directors authorized the repurchase of up to two million shares of our common stock in addition to the board’s prior authorizations. As of June 30, 2022, we had authorization to repurchase 419,607 shares of our common stock.

(2)     Represents shares of common stock released to us by team members as payment of tax withholdings upon the vesting of restricted stock and restricted stock units and the conversion of restricted stock units to common stock.

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- Definition

Tabular disclosure of treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock.

+ References

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