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Stockholders' Equity | 6 Months Ended
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Jun. 30, 2019
Equity [Abstract] |
Stockholders' Equity | 6. Stockholders’ Equity The following table summarizes common share repurchases and issuances.
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Common stock repurchased(1) |  |  | 9,617,008 |  |  |  | — |  |  |  | 19,034,252 |  |  |  | — |
Average purchase price per share |  | $ | 13.06 |  |  | $ | — |  |  | $ | 12.24 |  |  | $ | — |
Shares repurchased related to employee stock- based compensation plans(2) |  |  | 120,485 |  |  |  | 92,369 |  |  |  | 2,534,090 |  |  |  | 3,557,504 |
Average purchase price per share |  | $ | 13.45 |  |  | $ | 14.53 |  |  | $ | 10.94 |  |  | $ | 13.77 |
Common shares issued(3) |  |  | 195,883 |  |  |  | 113,171 |  |  |  | 4,625,347 |  |  |  | 5,134,238 |
(1) | Common shares purchased under our share repurchase program.
(2) | Comprises shares withheld from stock option exercises and vesting of restricted stock for employees’ tax withholding obligations and shares tendered by employees to satisfy option exercise costs.
(3) | Common shares issued under our various compensation and benefit plans.
The closing price of our common stock on June 28, 2019 was $13.65. Dividend and Share Repurchase Program In the three and six months ended June 30, 2019, we paid $37 million ($0.16 per share) and $76 million ($0.32 per share), respectively, of common stock dividends. In the three and six months ended June 30, 2019, we repurchased 9.6 million and 19.0 million shares of common stock for $126 million and $233 million, respectively. Our board of directors authorized a new $500 million share repurchase program in September 2018. As of June 30, 2019, the remaining common share repurchase authority was $207 million. There were no share repurchases in the year-ago period.

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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