Capital Stock (Tables)

12 Months Ended

Dec. 31, 2020

Schedule Components of Issued, Repurchased and Outstanding Shares

At December 31, 2020, Altria had 12 billion shares of authorized common stock; issued, repurchased and outstanding shares of common stock were as follows:


	Shares Issued	Shares Repurchased	Shares Outstanding



Balances, December 31, 2017	2,805,961,317	(904,702,125)	1,901,259,192
Stock award activity	—	676,727	676,727
Repurchases of common stock	—	(27,878,324)	(27,878,324)
Balances, December 31, 2018	2,805,961,317	(931,903,722)	1,874,057,595
Stock award activity	—	427,276	427,276
Repurchases of common stock	—	(16,503,317)	(16,503,317)
Balances, December 31, 2019	2,805,961,317	(947,979,763)	1,857,981,554
Stock award activity	—	437,611	437,611
Balances, December 31, 2020	2,805,961,317	(947,542,152)	1,858,419,165

Share Repurchases

For the years ended December 31, 2019 and 2018, Altria’s total share repurchase activity was as follows:


	July 2019 Share Repurchase Program		January 2018 Share Repurchase Program				July 2015 Share Repurchase Program (1)		Total
(in millions, except per share data)	2019		2019		2018		2018			2019		2018
Total number of shares repurchased	10.1		6.4		27.6		0.3			16.5		27.9
Aggregate cost of shares repurchased	$	500	$	345	$	1,655	$	18		$	845	$	1,673
Average price per share of shares repurchased	$	49.29	$	54.36	$	59.89	$	71.68		$	51.24	$	60.00

(1) In July 2015, the Board of Directors authorized a $1.0 billion share repurchase program (expanded to $3.0 billion in October 2016 and to $4.0 billion in July 2017), which was completed in January 2018.