Subsequent Events |
12 Months Ended |
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Dec. 31, 2021 | |
Subsequent Events [Abstract] | |
Subsequent Events |
15. Subsequent Events Debt Transactions As discussed in Note 8, on January 21, 2022, the Company completed a private offering of an additional $300.0 million in aggregate principal amount of 2032 notes at an issue price equal to 100.50% of par value. Net proceeds from the offering were used to repay borrowings on the 2026 facility and to pay related transaction fees and expenses. In addition, the Company amended the 2026 facility to increase the total commitments by an aggregate amount of $400.0 million resulting in a new $1.8 billion amended credit facility. Company Shares Repurchases On January 12, 2022, the Company completed its final share repurchases under its two previously announced share repurchase authorizations totaling $2.0 billion. From January 1, 2022 to January 12, 2022, the Company repurchased and retired approximately 3.1 million shares of our common stock at an average price of $81.35 per share for $252.7 million, including fees. Additionally, on February 18, 2022, the Company announced that its board of directors authorized the repurchase an additional $1.0 billion of its shares of common stock. |