Equity

3 Months Ended

Mar. 31, 2012

Equity [Abstract]

Equity

15. Equity

During the first quarter of 2012, the Company repurchased 2.6 million common shares, or $42, through its existing $500 equity repurchase program authorized on July 27, 2011 (the “repurchase program”).

On March 30, 2012 the Company repurchased all of the outstanding Series B and Series C warrants (collectively, the “warrants”) held by Allianz for $300. These warrants authorized Allianz to purchase 69,351,806 shares of the Company’s common stock at a current exercise price of $25.23 per share. The repurchase was settled on April 17, 2012 and funded through the repurchase program, resulting in remaining authorized repurchases under this program of approximately $106.