Share Capital

3 Months Ended

Mar. 31, 2017

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, 2017		December 31, 2016
Common shares issued	490.4		490.4
Less: Treasury shares for which dividend and voting rights do not apply	(83.6	)	(86.6	)
Common shares outstanding	406.8		403.8

Total treasury shares at March 31, 2017 were 93.0 million (December 31, 2016: 95.9 million), including 9.4 million unvested restricted stock awards (December 31, 2016: 9.3 million) for which dividend and voting rights apply. The market price of common shares at March 31, 2017 was $30.63. The total market value of the company's 93.0 million treasury shares was $2.8 billion at March 31, 2017.