Cash Dividends	3 Months Ended
Mar. 31, 2016
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Cash Dividends	12. Cash Dividends On February 25, 2016, the Company’s Board of Directors approved a cash dividend of $0.46 per share. The cash dividend was paid on March 25, 2016, to each stockholder of record on March 11, 2016. Cash dividends were $173 million and $185 million for the three months ended March 31, 2016 and 2015, respectively. On April 11, 2016, the Company’s Board of Directors approved a plan to reduce the Company’s quarterly dividend to $0.05 per share. The declaration and payment of future dividends is at the discretion of the Company’s Board of Directors and will be dependent upon the Company’s results of operations, financial condition, capital requirements and other factors deemed relevant by the Company’s Board of Directors.

12. Cash Dividends

On February 25, 2016, the Company’s Board of Directors approved a cash dividend of $0.46 per share. The cash dividend was paid on March 25, 2016, to each stockholder of record on March 11, 2016. Cash dividends were $173 million and $185 million for the three months ended March 31, 2016 and 2015, respectively. On April 11, 2016, the Company’s Board of Directors approved a plan to reduce the Company’s quarterly dividend to $0.05 per share. The declaration and payment of future dividends is at the discretion of the Company’s Board of Directors and will be dependent upon the Company’s results of operations, financial condition, capital requirements and other factors deemed relevant by the Company’s Board of Directors.