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Capital Structure (Tables)
12 Months Ended
Dec. 31, 2018
Equity [Abstract]  
Changes in NRG's common shares issued and outstanding
The following table reflects the changes in NRG's common shares issued and outstanding for each period presented:
 
Common
 
Issued
 
Treasury
 
Outstanding
Balance as of December 31, 2015
416,939,950

 
(102,749,908
)
 
314,190,042

Shares issued under ESPP

 
609,094

 
609,094

Shares issued under LTIPs
643,875

 

 
643,875

Balance as of December 31, 2016
417,583,825

 
(102,140,814
)
 
315,443,011

Shares issued under ESPP

 
560,769

 
560,769

Shares issued under LTIPs
739,309

 

 
739,309

Balance as of December 31, 2017
418,323,134

 
(101,580,045
)
 
316,743,089

Shares issued under ESPP

 
175,862

 
175,862

Shares issued under LTIPs
1,965,752

 

 
1,965,752

Share repurchases

 
(35,234,664
)
 
(35,234,664
)
Balance as of December 31, 2018
420,288,886

 
(136,638,847
)
 
283,650,039

NRG's common stock reserved for the maximum number of shares potentially issuable based on the conversion and redemption features of outstanding equity instruments and the long-term incentive plans
The following table summarizes NRG's common stock reserved for the maximum number of shares potentially issuable based on the conversion and redemption features of the long-term incentive plans as of December 31, 2018:
Equity Instrument
Common Stock
Reserve Balance
Long-term incentive plans
17,631,031

Summary of shares repurchased
Share Repurchases — In 2018, the Company's board of directors authorized the Company to repurchase $1.5 billion of its common stock. In addition, the Company's board of directors authorized in February 2019 an additional $1.0 billion share repurchase program to be executed in 2019.
The following table summarizes the shares repurchased under the 2018 program, including shares repurchased under two completed accelerated repurchase agreements:
 
Total number of shares purchased
Average price paid per share
Amounts paid for shares purchased (in millions)
Open market repurchases
11,097,631

 
$
396

Shares repurchased under May 24, 2018 Accelerated Repurchase Agreement
10,829,903

 
354

Shares repurchased under September 5, 2018 Accelerated Repurchase Agreement
13,307,130

 
500

Total Share Repurchases as of December 31, 2018
35,234,664

 
1,250

Additional open market repurchases through February 28, 2019
6,153,415

 
250

Total Share Repurchases as of February 28, 2019
41,388,079

$
36.24

$
1,500



Changes in redeemable preferred stock
The following table reflects the changes in the Company's redeemable preferred stock balance for the years ended December 31, 2018, 2017, and 2016:
 
(In millions)
Balance as of December 31, 2015
$
302

Accretion to redemption value
2

Repurchase of 2.822% redeemable preferred stock
(226
)
Gain on redemption of 2.822% redeemable preferred stock
(78
)
Balance as of December 31, 2016
$

Balance as of December 31, 2017
$

Balance as of December 31, 2018
$