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Stockholders' Equity | 6 Months Ended
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Jun. 30, 2021
Equity [Abstract] |
Stockholders' Equity | 6. Stockholders’ Equity The following table summarizes common share repurchases, issuances and dividends paid.
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
(Dollars and shares in millions, except per share amounts) |  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Common stock repurchased(1) |  |  | 11.8 |  |  |  | — |  |  |  | 19.9 |  |  |  | 23.0 |
Common stock repurchased (in dollars)(1) |  | $ | 200 |  |  | $ | — |  |  | $ | 300 |  |  | $ | 335 |
Average purchase price per share(1) |  | $ | 17.02 |  |  | $ | — |  |  | $ | 15.05 |  |  | $ | 14.61 |
Remaining common stock repurchase authority(1) |  | $ | 300 |  |  | $ | 665 |  |  | $ | 300 |  |  | $ | 665 |
Shares repurchased related to employee stock- based compensation plans(2) |  |  | .6 |  |  |  | — |  |  |  | 2.8 |  |  |  | .9 |
Average purchase price per share(2) |  | $ | 17.28 |  |  | $ | — |  |  | $ | 12.99 |  |  | $ | 13.66 |
Common shares issued(3) |  |  | .6 |  |  |  | .1 |  |  |  | 4.3 |  |  |  | 2.4 |
Dividends paid |  | $ | 27 |  |  | $ | 31 |  |  | $ | 56 |  |  | $ | 62 |
Dividends per share |  | $ | .16 |  |  | $ | .16 |  |  | $ | .32 |  |  | $ | .32 |
(1) | Common shares purchased under our share repurchase program. Our board of directors authorized a $1 billion multi-year share repurchase program in October 2019.
(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 30, 2021 was $19.33.

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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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)(1)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 3: 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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