Stockholders' Equity and Earnings per Share (Tables)

12 Months Ended

Dec. 31, 2019

under NXP’s quarterly dividend program which was introduced as of the third quarter of 2018:



	2019	2018	2017
Dividends declared (in millions)	351	147	—
Dividends declared (per share)	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

Schedule of Transactions from Employee Option and Share Plans

The following transactions took place resulting from employee option and share plans:



	2019	2018	2017
Total shares in treasury at beginning of year	35,913,021	3,078,470	10,609,980
Total cost	3,238	342	915
Shares acquired under repurchase program	15,865,718	54,376,181	2,522,589
Average price in $ per share	90.94	92.07	113.36
Amount paid	1,443	5,006	286
Shares delivered	4,513,416	4,241,487	10,054,099
Average price in $ per share	93.55	107.75	85.42
Amount received	84	39	233
Shares retired	13,183,081	17,300,143	—
Total shares in treasury at end of year	34,082,242	35,913,021	3,078,470
Total cost	3,037	3,238	342

Computation of Earnings per Share (EPS)

)

Stock options to purchase up to 0.1 million shares of NXP’s common stock that were outstanding in 2019 (2018: 0.1 million shares; 2017: 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 0.7 million shares that were outstanding in 2019 (2018: 0.9 million shares; 2017: 0.7 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.

³⁾

Warrants to purchase up to 11.4 million shares of NXP's common stock at the price of $130.99 per share were outstanding in 2019 (2018: 11.2 million shares at a price of $132.55; 2017: 11.2 million shares at a price of $133.32). Upon exercise, the warrants will be net share settled. At the end of 2019, 2018 and 2017, the warrants were not included in the computation of diluted EPS because the warrants’ exercise price was greater than the average fair market value of the common shares.