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Shareholders' Equity (Tables)
3 Months Ended
Mar. 31, 2020
Shareholders' Equity [Abstract]  
Summary of Share Repurchases

For the three months

ended March 31,

2020

2019

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

0.8

Average price paid per share (1)

$

242.86

$

Total price paid (in millions) (1)

$

200.0

$

(1) Amounts are calculated based on the trade date. This differs from the Consolidated Statements of Cash Flows which calculate share repurchases based on the settlement date and includes an additional $3.3 million spent to repurchase 13,870 shares which settled on January 2, 2020.

Schedule of Dividends Paid and Dividends Declared As of March 31, 2020, the Company paid the following cash dividend:

Payable to Shareholders

of Record At the Close

Cash Paid

Aggregate Amount

Date Declared

of Business on

Per Share

Paid

Date Paid

February 20, 2020

March 10, 2020

$0.465

$52.2 million

March 26, 2020

Subsequent to March 31, 2020, the Company declared the following cash dividend:

Payable to Shareholders

Cash to

of Record At the Close

be Paid

Date Declared

of Business on

Per Share

Date to be Paid

May 5, 2020

May 28, 2020

$0.465

June 18, 2020