Preferred and Common Stock (Tables)

12 Months Ended

Dec. 31, 2019

Equity [Abstract]

Schedule of Share Activity

Share Activity (number of shares)

	Common stock
	Treasury	Outstanding
Balance at end of 2016	—	438,519,780
Conversion of convertible notes	—	39,242,706
Issued for stock-based compensation plans	—	3,654,051
Balance at end of 2017	—	481,416,537
Issued for stock-based compensation plans	—	1,854,180
Balance at end of 2018	—	483,270,717
Issued for stock-based compensation plans	—	4,436,830
Repurchase and retirement of common stock	—	(54,852,364	)
Balance at end of 2019	—	432,855,183

Accelerated Share Repurchases

The following table provides details for the share repurchases during 2019.

Share delivery date	Number of shares	Average price	Total
February 21, 2019	31,908,831
April 29, 2019	4,525,592
February 2019 ASR total	36,434,423	$19.21	$700
May 6, 2019	7,455,732
June 12, 2019	1,561,249
May 2019 ASR total	9,016,981	$22.18	$200
August 8, 2019	6,791,172
October 3, 2019	983,107
August 2019 ASR total	7,774,279	$25.73	$200
November 18, 2019	428,000
November 19, 2019	428,000
November 20, 2019	370,000
November 21, 2019	400,681
November 2019 share repurchase program	1,626,681	$30.74	$50
2019 Share repurchase total	54,852,364	$20.97	$1,150

Schedule of Activity for Stock Options and Stock Awards

The activity for stock options and stock awards during 2019 was as follows (options and awards in millions):

	Stock options				Stock awards
	Number of options		Weighted average exercise price		Number of awards		Weighted average FMV per award
Outstanding, December 31, 2018	10		$	24.95	7		$	21.13
Granted	—		—		4		19.80
Exercised	(2	)	21.34		—		—
Converted	—		—		(3	)	15.78
Expired or forfeited	(1	)	28.37		(1	)	22.10
Performance share adjustment	—		—		—		19.96
Outstanding, December 31, 2019	7		$	25.75	7		$	22.05