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Stockholders' Equity and Earnings per Share | 12 Months Ended
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Dec. 31, 2020
Equity [Abstract] |
Stockholders' Equity and Earnings per Share | Stockholders’ Equity and Earnings per Share The share capital of the Company as of December 31, 2020 consists of 1,076,257,500 authorized shares, including 430,503,000 authorized shares of common stock, and 645,754,500 authorized but unissued shares of preferred stock. In October 2018, the board of directors of NXP, as authorized by the annual general meeting of shareholders ("AGM"), approved the repurchase of shares as long as the total number of shares held by NXP in treasury does not exceed 20% (approximately 69 million shares) of the number of shares issued. During the fiscal year-ended December 31, 2019, NXP repurchased 15.9 million shares, for a total of approximately $1.4 billion, and during the year-ended December 31, 2020, NXP repurchased 4.8 million shares, for a total of approximately $0.6 billion. As approved by the board of directors, on November 27, 2019, NXP cancelled some 13.2 million shares and on December 15, 2020, NXP cancelled 26 million shares. As a result, the number of issued NXP shares as per December 31, 2019 is 315,519,638 shares and as per December 31, 2020, the Company has issued and paid up 289,519,638 shares of common stock each having a par value of €0.20 or a nominal stock capital of €58 million (2019: €63 million). Cash dividends The following dividends were declared in 2020, 2019 and 2018 under NXP’s quarterly dividend program which was introduced as of the third quarter of 2018:
| 2020 |  | 2019 |  | 2018
Dividends declared (in millions) | 420 |  |  | 351 |  |  | 147 |
Dividends declared (per share) | 1.50 |  |  | 1.25 |  |  | 0.50 |
Share-based awards The Company has granted share-based awards to the members of our board of directors, management team, our other executives, selected other key employees/talents of NXP and selected new hires to receive the Company’s shares in the future. See Note 18, “Share-based Compensation”. Treasury shares From time to time, last on June 17, 2019, the General Meeting of Shareholders authorizes the Board of Directors to repurchase shares of our common stock. On that basis, for the first time in 2011 and latest effective November 19, 2019, the Board of Directors executed various share repurchase programs. In accordance with the Company’s policy to provide share-based awards from its treasury share inventory, shares which have been repurchased and are held in treasury for delivery upon exercise of options and under restricted and performance share programs, are accounted for as a reduction of stockholders’ equity. Treasury shares are recorded at cost, representing the market price on the acquisition date. When issued, shares are removed from treasury shares on a first-in, first-out (FIFO) basis. Differences between the cost and the proceeds received when treasury shares are reissued, are recorded in capital in excess of par value. Deficiencies in excess of net gains arising from previous treasury share issuances are charged to retained earnings. The following transactions took place resulting from employee option and share plans:
| 2020 |  | 2019 |  | 2018
Total shares in treasury at beginning of year | 34,082,242 |  |  | 35,913,021 |  |  | 3,078,470 |
Total cost | 3,037 |  |  | 3,238 |  |  | 342 |
Shares acquired under repurchase program | 4,828,913 |  |  | 15,865,718 |  |  | 54,376,181 |
Average price in $ per share | 129.7 |  |  | 90.94 |  |  | 92.07 |
Amount paid | 627 |  |  | 1,443 |  |  | 5,006 |
Shares delivered | 3,866,203 |  |  | 4,513,416 |  |  | 4,241,487 |
Average price in $ per share | 94.26 |  |  | 93.55 |  |  | 107.75 |
Amount received | 71 |  |  | 84 |  |  | 39 |
Shares retired | 26,000,000 |  |  | 13,183,081 |  |  | 17,300,143 |
Total shares in treasury at end of year | 9,044,952 |  |  | 34,082,242 |  |  | 35,913,021 |
Total cost | 1,037 |  |  | 3,037 |  |  | 3,238 |
Shareholder tax on repurchased shares Under Dutch tax law, the repurchase of a company’s shares by an entity in the Netherlands is a taxable event (unless exemptions apply). The tax on the repurchased shares is attributed to the shareholders, with NXP making the payment on the shareholders’ behalf. As such, the tax on the repurchased shares is accounted for within stockholders’ equity. The computation of earnings per share (EPS) is presented in the following table:
| 2020 |  | 2019 |  | 2018
Net income (loss) | 80 |  |  | 272 |  |  | 2,258 |
Less: Net income (loss) attributable to non-controlling interests | 28 |  |  | 29 |  |  | 50 |
Net income (loss) attributable to stockholders | 52 |  |  | 243 |  |  | 2,208 |
Weighted average number of shares outstanding (after deduction of treasury shares) during the year (in thousands) | 279,763 |  |  | 282,056 |  |  | 325,781 |
Plus incremental shares from assumed conversion of: |  |  |  |  |
Options 1) | 526 |  |  | 776 |  |  | 1,145 |
Restricted Share Units, Performance Share Units and Equity Rights 2) | 3,520 |  |  | 3,079 |  |  | 1,680 |
Dilutive potential common share | 4,046 |  |  | 3,855 |  |  | 2,825 |
Adjusted weighted average number of shares outstanding (after deduction of treasury shares) during the year (in thousands) 1) | 283,809 |  |  | 285,911 |  |  | 328,606 |
EPS attributable to stockholders in $: |  |  |  |  |
Basic net income (loss) | 0.19 |  |  | 0.86 |  |  | 6.78 |
Diluted net income (loss) | 0.18 |  |  | 0.85 |  |  | 6.72 |
1)No stock options to purchase shares of NXP’s common stock that were outstanding in 2020 (2019: 0.1 million shares; 2018: 0.1 million shares) were anti-dilutive and were not included in the computation of diluted EPS because the exercise price was greater than the average fair market value of the common stock or the number of shares assumed to be repurchased using the proceeds of unrecognized compensation expense and exercise prices was greater than the weighted average number of shares underlying outstanding stock options. 2)Unvested RSU’s, PSU’s and equity rights of 0.6 million shares that were outstanding in 2020 (2019: 0.7 million shares; 2018: 0.9 million shares) were anti-dilutive and were not included in the computation of diluted EPS because the number of shares assumed to be repurchased using the proceeds of unrecognized compensation expense was greater than the weighted average number of outstanding unvested RSU’s, PSU’s and equity rights or the performance goal has not been met.

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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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