|6 Months Ended|
Jun. 30, 2017
|Subsequent Events [Abstract]|
14. Subsequent Events
During July 2017, an indirect wholly owned subsidiary of the Company repurchased approximately 0.8 million of the Company’s common shares for aggregate consideration of approximately $58.7 million through open market purchases under the Company’s $1.5 billion share repurchase program. These repurchases were effected pursuant to Rule 10b5-1 trading plans. See Note 10, Shareholders’ Equity, for a discussion of how common shares repurchased by the Company’s indirect wholly owned subsidiary are treated under U.S. GAAP.
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.
Reference 1: http://www.xbrl.org/2003/role/presentationRef