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Capital Stock
 12 Months Ended
Dec. 31, 2019
Class of Stock Disclosures [Abstract]  
Capital Stock
Capital Stock:

Shares of authorized common stock are 6.0 billion; issued, repurchased and outstanding shares were as follows:
 
Shares Issued
 
Shares
Repurchased
 
Shares
Outstanding
Balances, January 1, 2017
2,109,316,331

 
(557,930,784
)
 
1,551,385,547

Issuance of stock awards
 
 
1,832,215

 
1,832,215

Balances, December 31, 2017
2,109,316,331

 
(556,098,569
)
 
1,553,217,762

Issuance of stock awards
 
 
1,361,959

 
1,361,959

Balances, December 31, 2018
2,109,316,331

 
(554,736,610
)
 
1,554,579,721

Issuance of stock awards
 
 
1,314,942

 
1,314,942

Balances, December 31, 2019
2,109,316,331

 
(553,421,668
)
 
1,555,894,663



At December 31, 2019, 27,371,404 shares of common stock were reserved for stock awards under PMI’s stock plans, and 250 million shares of preferred stock, without par value, were authorized but unissued. PMI currently has no plans to issue any shares of preferred stock.