Common Stock

3 Months Ended

Mar. 31, 2015

Equity [Abstract]

Common Stock

Common Stock

During the first three months of 2015, the Company repurchased approximately 5.3 million shares of its common stock for consideration of $300 million. In May 2014, the Board of Directors of the Company authorized share repurchases of up to $2 billion of the Company's common stock. At March 31, 2015, the Company remains authorized to purchase additional shares of its common stock up to a value of approximately $1 billion. There is no time limit on the authorization. During the first three months of 2014, the Company repurchased 2 million shares of its common stock for consideration of $100 million.