Equity Level 1 (Notes)

9 Months Ended

Sep. 30, 2020

Equity [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

Equity

(All shares reported in whole numbers)

Share Repurchase Program

Subject to market conditions, normal trading restrictions, and limitations in our debt covenants, we may make purchases in the open market or through privately negotiated transactions under our share repurchase program. During the nine months ended September 30, 2020, we repurchased 8,034,996 shares of common stock at an aggregate cost of $329.1 million, which is an average cost per share of $40.96. During August 2020, our Board of Directors increased our share repurchase authorization to $500 million. After these repurchases and the increase in our share repurchase authorization, the remaining dollar value of shares authorized to be purchased under the share repurchase program was $418.4 million at September 30, 2020.

Subsequent to September 30, 2020, we repurchased 1,491,394 shares for $65.4 million at an average cost per share of $43.85. After these repurchases, the remaining dollar value of shares authorized to be purchased under the share repurchase program is $353.0 million.