Preferred and Common Stock (Tables)

12 Months Ended

Dec. 31, 2021

Equity [Abstract]

Schedule of Share Activity

Common Stock Outstanding and Share Activity (number of shares)

Balance at December 31, 2018	483,270,717
Issued for stock-based compensation plans	4,436,830
Repurchase and retirement of common stock	(54,852,364)
Balance at December 31, 2019	432,855,183
Issued for stock-based compensation plans	3,896,119
Repurchase and retirement of common stock	(3,844,925)
Balance at December 31, 2020	432,906,377
Issued for stock-based compensation plans	2,195,681
Repurchase and retirement of common stock	(13,410,146)
Balance at December 31, 2021	421,691,912

Accelerated Share Repurchases

The following table provides details for share repurchases during 2021, 2020, and 2019:

	Number of shares	Average price per share(1)	Total
May 2021/June 2021 accelerated share repurchase (“ASR”) total	5,878,791	$34.02	$200
August 2021 open market repurchase	769,274	$32.50	$25
October 2021 open market repurchase	879,307	$30.71	$27
November 2021 open market repurchase	2,336,733	$30.79	$72
December 2021 open market repurchase	3,546,041	$29.91	$106
2021 Share repurchase total	13,410,146	$32.07	$430
August/September 2020 open market repurchase	2,907,094	$17.36	$51
November 2020 open market repurchase	937,831	$23.99	$22
2020 Share repurchase total	3,844,925	$18.98	$73
February 2019 ASR total	36,434,423	$19.21	$700
May 2019 ASR total	9,016,981	$22.18	$200
August 2019 ASR total	7,774,279	$25.73	$200
November 2019 open market repurchase	1,626,681	$30.74	$50
2019 Share repurchase total	54,852,364	$20.97	$1,150

(1)Excludes commissions cost.

Schedule of Activity for Stock Options and Stock Awards

The activity for stock options and stock awards during 2021 was as follows (options and awards in millions):

	Stock options			Stock awards
	Number of options	Weighted average exercise price per option		Number of awards	Weighted average FMV per award
Outstanding, December 31, 2020	3	$	24.47	9	$	13.68
Granted	—	—		2	32.15
Exercised	(1)	21.70		—	—
Converted	—	—		(2)	19.52
Expired or forfeited	—	34.68		(1)	20.94
Outstanding, December 31, 2021	2	$	23.64	8	$	16.19