Stockholders' Equity (Tables)

9 Months Ended

Sep. 30, 2021

Equity [Abstract]

Schedule of common share repurchases

The following table summarizes our common share repurchases and issuances.

 

	Three Months Ended   September 30,				Nine Months Ended   September 30,
(Shares and per share amounts in actuals)	2021		2020		2021		2020
Common stock repurchased under repurchase programs(1)(2)(3)	13,018,585		—		84,528,256		47,736,847
Average purchase price per share(4)	$	18.75	$	—	$	17.17	$	9.66
Shares repurchased related to employee stock-based compensation plans(5)	115,414		3,122		1,367,826		1,109,149
Average purchase price per share	$	18.83	$	7.05	$	14.70	$	10.97
Common shares issued(6)	504,183		5,150		3,785,490		2,990,447

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(1) Common shares purchased under our share repurchase programs. We have utilized all capacity under our 2020 Share Repurchase Program. There was $51 million of capacity remaining under the 2021 Share Repurchase Program at September 30, 2021.

(2) For the nine months ended September 30, 2021 and 2020, the amount includes 13 million shares and 45 million shares, respectively, related to the accelerated share repurchase agreement described below.

(3) For the nine months ended September 30, 2021, the amount includes 28.5 million shares related to the settlement of our common stock tender offer described below.

(4) Average purchase price per share includes purchase commission costs.

(5) Comprised of shares withheld from stock option exercises and vesting of restricted stock for employees’ tax withholding obligations and shares tendered by employees to satisfy option exercise costs.

(6)  Common shares issued under our various compensation and benefit plans.