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Share Capital (Tables)
12 Months Ended
Dec. 31, 2022
Share Capital  
Schedule of share repurchase activities

The following table summarizes the share repurchase activities during the period:

($ millions, except as noted)

    

2022

    

2021

  

Share repurchase activities (thousands of common shares)

 

  

 

  

Shares repurchased

 

116 908

 

83 959

Amounts charged to

Share capital

 

1 947

 

1 382

Retained earnings

 

3 188

 

922

Share repurchase cost

 

5 135

 

2 304

Average repurchase cost per share

 

43.92

 

27.45

Schedule of liability for share repurchases

Under an automatic repurchase plan agreement with an independent broker, the company has recorded the following liability for share repurchases that may take place during its internal blackout period:

December 31

December 31

($ millions)

    

2022

    

2021

  

Amounts charged to

Share capital

 

136

 

120

Retained earnings

 

214

 

110

Liability for share purchase commitment

 

350

 

230