Stockholders' Equity

6 Months Ended

Jun. 30, 2019

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.