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Common Stock (Tables) | 9 Months Ended
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Sep. 30, 2019
Equity [Abstract] |
Schedule of Accelerated Share Repurchases | The following table provides details for the share repurchases during 2019.
Share delivery date | Number of shares |  | Average price |  | Total
February 21, 2019 | 31,908,831 |  |  |  |
April 29, 2019 | 4,525,592 |  |  |  |
February 2019 ASR total | 36,434,423 |  | $19.21 |  | $700
May 6, 2019 | 7,455,732 |  |  |  |
June 12, 2019 | 1,561,249 |  |  |  |
May 2019 ASR total | 9,016,981 |  | $22.18 |  | $200
August 8, 2019 | 6,791,172 |  |  |  |
October 3, 2019(1) | 983,107 |  |  |  |
August 2019 ASR total | 7,774,279 |  | $25.73 |  | $200
2019 ASR total | 53,225,683 |  | $20.67 |  | $1,100
(1) The term of the August 2019 ASR concluded on September 30, 2019, with GS delivering 983,107 additional shares to Arconic on October 3, 2019.

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- Definition Tabular disclosure of accelerated share repurchase (ASR) programs. An ASR is a combination of transactions that permits an entity to purchase a targeted number of shares immediately with the final purchase price of those shares determined by an average market price over a fixed period of time. An accelerated share repurchase program is intended to combine the immediate share retirement benefits of a tender offer with the market impact and pricing benefits of a disciplined daily open market stock repurchase program. ASRs can be disclosed as part of stockholders' equity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 25 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6405686&loc=d3e22802-112653 + Details
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