Share Capital

3 Months Ended

Mar. 31, 2016

Equity [Abstract]

SHARE CAPITAL

SHARE CAPITAL

The number of common shares and common share equivalents issued are represented in the table below:

	As of
In millions	March 31, 2016		December 31, 2015
Common shares issued	490.4		490.4
Less: Treasury shares for which dividend and voting rights do not apply	(73.1	)	(72.9	)
Common shares outstanding	417.3		417.5

Total treasury shares at March 31, 2016 were 82.7 million (December 31, 2015: 81.3 million), including 9.6 million unvested restricted stock awards (December 31, 2015: 8.4 million) for which dividend and voting rights apply. The market price of common shares at March 31, 2016 was $30.77. The total market value of the company's 82.7 million treasury shares was $2.5 billion at March 31, 2016.