Stockholders' Equity

6 Months Ended

Jun. 30, 2014

Stockholders' Equity

11. Stockholders’ Equity

In February 2014, the Company’s Board of Directors authorized an increase in the then available amount under the Company’s existing stock repurchase program (the “Stock Repurchase Program”) to allow for the repurchase of up to $500 in the aggregate of the Company’s common stock.

In March 2014, pursuant to the Stock Repurchase Program, the Company used proceeds from the 2034 Convertible Notes offering to repurchase approximately 2.7 million shares of its common stock for approximately $163 at a per share price of $60.65 through privately negotiated transactions.

During the six months ended June 30, 2014, the Company repurchased 3.5 million shares of its common stock valued at approximately $208 under the Stock Repurchase Program.