Common Stock

6 Months Ended

Jun. 30, 2020

Equity [Abstract]

Common Stock

Common Stock

There were no repurchases of the Company's common stock during the first six months of 2020. The Company does not expect to repurchase shares for the remainder of 2020. In November 2019, the Board of Directors of the Company authorized the Company to repurchase up to $2.5 billion in shares of the Company's common stock, which superseded any prior authorizations. As of June 30, 2020, the Company remained authorized to repurchase up to approximately $2.4 billion in shares of its common stock. There is no time limit on the authorization. During the first six months of 2019 the Company repurchased approximately 1.0 million shares of its common stock for consideration of $100 million.

The Company issued approximately 2.8 million and 3.8 million shares related to stock compensation and employee stock purchase plans during the first six months of 2020 and 2019, respectively.