Capital Stock (Tables)

12 Months Ended

Dec. 31, 2021

Schedule Components of Issued, Repurchased and Outstanding Shares

At December 31, 2021, Altria had 12 billion shares of authorized common stock; issued, repurchased and outstanding shares of common stock were as follows:


	Shares Issued	Shares Repurchased	Shares Outstanding



Balances, December 31, 2018	2,805,961,317	(931,903,722)	1,874,057,595
Stock award activity	—	427,276	427,276
Repurchases of common stock	—	(16,503,317)	(16,503,317)
Balances, December 31, 2019	2,805,961,317	(947,979,763)	1,857,981,554
Stock award activity	—	437,611	437,611

Balances, December 31, 2020	2,805,961,317	(947,542,152)	1,858,419,165
Stock award activity	—	412,569	412,569
Repurchases of common stock	—	(35,656,116)	(35,656,116)
Balances, December 31, 2021	2,805,961,317	(982,785,699)	1,823,175,618

Share Repurchases

For the years ended December 31, 2021 and 2019, Altria’s total share repurchase activity was as follows:


	2021		2019
(in millions, except per share data)	January 2021 Share Repurchase Program		July 2019 Share Repurchase Program		January 2018 Share Repurchase Program (1)		Total
Total number of shares repurchased	35.7		10.1		6.4		16.5
Aggregate cost of shares repurchased	$	1,675	$	500	$	345	$	845
Average price per share of shares repurchased	$	46.97	$	49.29	$	54.36	$	51.24

(1) In January 2018, the Board of Directors authorized a $1.0 billion share repurchase program that it expanded to $2.0 billion in May 2018. The program was completed in June 2019.