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Units Outstanding (Tables)
12 Months Ended
Dec. 31, 2019
Equity [Abstract]  
Changes in Units Outstanding
Changes in AB Units outstanding for the years ended December 31, 2019 and 2018 were as follows:
 
2019
 
2018
Outstanding as of January 1,
268,850,276

 
268,659,333

Options exercised
511,894

 
889,119

Units issued
4,833,715

 
6,153,320

Units retired(1)
(3,815,571
)
 
(6,851,496
)
Outstanding as of December 31,
270,380,314

 
268,850,276


(1) During 2019 and 2018, we purchased 3,782 and 5,346 AB Units, respectively, in private transactions and retired them.