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Shareholders' Equity (Tables)
12 Months Ended
Dec. 31, 2019
Shareholders' Equity [Abstract]  
Summary of Share Repurchases

For the year ended December 31,

2019

2018

2017

Total number of shares purchased (in millions) (1)

2.0

5.0

5.9

Average price paid per share (1)

$

231.87

$

159.87

$

145.87

Total price paid (in millions) (1)

$

470.3

$

795.5

$

854.4

(1)Amounts are calculated based on the trade date. This differs from the Consolidated Statements of Cash Flow which calculates share repurchases based on the settlement date.

Schedule of Dividends Paid and Dividends Declared As of December 31, 2019, the Company paid the following cash dividends:

Payable to Shareholders

of Record At the Close

Cash Paid

Aggregate Amount

Date Declared

of Business on

Per Share

Paid

Date Paid

July 29, 2019

August 28, 2019

$0.37

$41.9 million

September 25, 2019

October 25, 2019

November 21, 2019

$0.37

$41.5 million

December 19, 2019

Subsequent to December 31, 2019, the Company declared the following cash dividends:

Payable to Shareholders

Cash to

of Record At the Close

be Paid

Date Declared

of Business on

Per Share

Date to be Paid

February 20, 2020

March 10, 2020

$0.465

March 26, 2020