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COMMON STOCK
9 Months Ended
Sep. 30, 2018
Equity [Abstract]  
COMMON STOCK
COMMON STOCK
The Company’s current stock repurchase program was announced on November 14, 2016 when the Board of Directors authorized the Company to repurchase up to $1,000 million of its common stock on the open market or through privately negotiated transactions through December 31, 2019. On November 8, 2017, the Board of Directors authorized the Company to repurchase an additional $500 million of its common stock, and on July 30, 2018, the Board of Directors authorized the Company to repurchase an additional $500 million of its common stock, bringing the total amount authorized under the current stock repurchase program to $2,000 million. Also on July 30, 2018, the Board of Directors removed the termination date of the stock repurchase program. The timing and amount of stock purchases are subject to market conditions and corporate needs. This stock repurchase program may be modified, suspended or discontinued at any time at the Company’s discretion. During the three and nine months ended September 30, 2018, the Company repurchased $86 million and $456 million, respectively, of its common stock under the repurchase program, leaving $598 million of authorized repurchases remaining under the current stock repurchase program as of September 30, 2018.