Shareholders' Equity (Narrative) (Details) - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | ||||||||
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Mar. 31, 2022 |
Mar. 31, 2021 |
Apr. 22, 2022 |
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| Equity, Class of Treasury Stock [Line Items] | |||||||||
| Stock repurchase plan, authorized amount | $ 1,500,000 | ||||||||
| Aggregate shares repurchased under stock repurchase plan | 30,800 | ||||||||
| Stock repurchased to date, value | $ 1,401,000 | ||||||||
| Stock Repurchased During Period, Value | $ 217,297 | $ 11,223 | |||||||
| Shareholders' Equity |
Since the inception of the Company's stock repurchase plan in 2004 through March 31, 2022, the Company's Board of Directors has authorized the repurchase of $1.5 billion of the Company's common stock. Shares of the Company's common stock may be purchased in the open market or through privately negotiated transactions, subject to market conditions, and generally settle subsequent to the trade date. The repurchase program does not obligate the Company to acquire any specific number of shares or to acquire shares over any specified period of time.
Under this program as of March 31, 2022, the Company had repurchased 30.8 million shares at an aggregate purchase price of $1,401.0 million and had $99.0 million remaining available. During the three months ended March 31, 2022, the Company repurchased an aggregate of $217.3 million of common stock under this program.
In April 2022, the Company's Board of Directors approved a $500.0 million increase in share repurchase authorization.
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| Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased | 99,000 | ||||||||
| Subsequent Event | |||||||||
| Equity, Class of Treasury Stock [Line Items] | |||||||||
| Stock repurchase plan, authorized amount | $ 500,000 | ||||||||
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- Definition Number of shares that have been repurchased to date under the program. No definition available.
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- Definition Equity impact of the value of stock that has been repurchased to date and has not been retired and is not held in treasury. Some state laws may mandate the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock. No definition available.
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Amount of stock repurchase plan authorized. No definition available.
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- Definition The remaining number of shares authorized to be repurchased by an entity's Board of Directors under a stock repurchase plan. No definition available.
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- Definition Equity impact of the value of stock that has been repurchased during the period and has not been retired and is not held in treasury. Some state laws may mandate the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Details
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