Capital Stock, Dividends and Common Stock Repurchase Program (Tables)

12 Months Ended

Dec. 31, 2019

Capital Stock, Dividends and Common Stock Repurchase Program

Summary of share repurchases under common stock repurchase program

	2019(a)		2018(b)		2017(c)
Shares repurchased (in thousands)		2,247		11,673		10,058
Weighted average price per share	$	108.60	$	86.35	$	77.67
Total repurchases (in millions)	$	244	$	1,008	$	750

(a) During 2019, we executed and completed an ASR agreement to repurchase $180 million of our common stock and received 1.6 million shares in connection with this ASR agreement. We also repurchased an additional 0.7 million shares of our common stock in open market transactions in compliance with Rule 10b5-1 and Rule 10b-18 of the Exchange Act for $64 million, inclusive of per-share commissions. As a result of the pending acquisition of Advanced Disposal discussed in Note 18, we limited our 2019 share repurchases to an amount sufficient to offset dilution impacts from our stock-based compensation plans.

(b) During 2018, we executed and completed four ASR agreements to repurchase $850 million of our common stock and we received 9.8 million shares in connection with these ASR agreements. We also repurchased an additional 1.9 million shares of our common stock in open market transactions in compliance with Rule 10b5-1 and Rule 10b-18 of the Exchange Act for $158 million, inclusive of per-share commissions, which includes $4 million paid in 2019.

(c) During 2017, we executed and completed two ASR agreements to repurchase $750 million of our common stock. Our “Shares repurchased” includes the 0.4 million shares related to the ASR agreement executed in November 2016.