Capital Stock

12 Months Ended

Dec. 31, 2022

Stockholders' Equity Note [Abstract]

Capital Stock

Note 10 — Capital Stock

Common Stock Outstanding

Common stock outstanding as of December 31, 2022, 2021 and 2020 was as follows:

(Number of shares in millions)	2022		2021		2020
Common stock:
Balance, beginning of year	110.1		109.7		109.3
Activity under stock plans		0.3		0.4		0.4
Balance, end of year	110.4		110.1		109.7
Treasury stock:
Balance, beginning of year	26.1		26.1		25.7
Repurchased		0.1		—		0.4
Balance, end of year	26.2		26.1		26.1
Common stock outstanding		84.2		84.0	83.6

Under the 2018 Repurchase Plan, our Board authorized the repurchase of $500 million of the Company’s stock. During 2020, the Company spent $24.6 million to repurchase common stock. In response to the COVID-19 pandemic, in April 2020, we announced that we had suspended our dividend payments and stock repurchases. On January 27, 2022, the Company announced it was reinstating the dividend commencing with the first quarter of 2022. At December 31, 2022, we had $217.2 million remaining under the 2018 Repurchase Plan.

Dividends per share of common stock for 2022 and 2020 were $0.40 and $0.17 respectively. For the years ended December 31, 2022 and 2020, we paid $33.7 million and $14.2 million in dividends, respectively.