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TREASURY STOCK
3 Months Ended
Mar. 31, 2018
Equity [Abstract]  
TREASURY STOCK
TREASURY STOCK
 
In the first quarter of 2016, the Company's Board of Directors authorized a program to repurchase up to $3.0 billion of the Company's common stock. In the first quarter of 2017, the Company's Board of Directors authorized an additional program to repurchase up to $2.0 billion of the Company's common stock. In the first quarter of 2018, the Company's Board of Directors authorized an additional program to repurchase up to $8.0 billion of the Company's common stock. As of March 31, 2018, the Company had a remaining authorization of $9.8 billion to repurchase its common stock. The Company may make repurchases of shares under its stock repurchase programs, depending on prevailing market conditions, alternate uses of capital and other factors. Whether and when to initiate and/or complete any repurchase of common stock and the amount of common stock repurchased will be determined at the Company's discretion. Additionally, the Board of Directors has given the Company the general authorization to repurchase shares of its common stock to satisfy employee withholding tax obligations related to stock-based compensation.

In the three months ended March 31, 2018, the Company repurchased a total of 373,119 shares of its common stock in the open market for an aggregate cost of $731.6 million, which included 314,076 shares for $611.7 million acquired through its general repurchase programs and 59,043 shares for $119.9 million withheld to satisfy employee withholding tax obligations related to stock-based compensation.

In the three months ended March 31, 2017, the Company repurchased a total of 124,915 shares of its common stock in the open market for an aggregate cost of $212.3 million, which included 80,027 shares for $135.0 million acquired through its general repurchase programs and 44,888 shares for $77.3 million withheld to satisfy employee withholding tax obligations related to stock-based compensation.

In the three months ended March 31, 2018, stock repurchases in March 2018 of 13,578 shares for an aggregate cost of $28.0 million were settled in April 2018. In the three months ended December 31, 2017, stock repurchases in December 2017 of 18,217 shares for an aggregate cost of $32.0 million were settled in January 2018.

For the three months ended March 31, 2018 and 2017, the Company remitted $103.2 million and $69.8 million of employee withholding taxes, respectively, to the tax authorities, which is different from the aggregate cost of the shares withheld for taxes for each period due to the timing in remitting the taxes. The cash remitted to the tax authorities is included in financing activities in the Unaudited Consolidated Statements of Cash Flows.
 
As of March 31, 2018, there were 14,589,938 shares of the Company's common stock held in treasury.