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

For the year

ended December 31,

2020

2019

2018

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

3.1

2.0

5.0

Average price paid per share (1)

$

280.17

$

231.87

$

159.87

Total price paid (in millions) (1)

$

856.0

$

470.3

$

795.5

Subsequent to December 31, 2020, the Company made the following share repurchases:

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

0.5

Average price paid per share (1)

$

262.16

Total price paid (in millions) (1)

$

144.0

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

Schedule of Dividends Paid and Dividends Declared As of December 31, 2020, 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

February 20, 2020

March 10, 2020

$0.465

$52.2 million

March 26, 2020

May 5, 2020

May 28, 2020

$0.465

$52.0 million

June 18, 2020

August 3, 2020

August 25, 2020

$0.465

$52.0 million

September 21, 2020

November 2, 2020

November 19, 2020

$0.465

$51.5 million

December 17, 2020

Dividends paid in 2020 and 2019 were ordinary dividends.

Subsequent to December 31, 2020, 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 19, 2021

March 10, 2021

$0.58

March 26, 2021