|6 Months Ended|
Jun. 30, 2021
|Shareholders' Equity||Shareholders’ Equity
(1)In 2021, and through July 30, 2021.
During the three and six months ended June 30, 2021, the Corporation repurchased and retired 103 million and 204 million shares of common stock, which reduced shareholders’ equity by $4.2 billion and $7.7 billion.
During the six months ended June 30, 2021, in connection with employee stock plans, the Corporation issued 63 million shares of its common stock and, to satisfy tax withholding obligations, repurchased 24 million shares of its common stock. At June 30, 2021, the Corporation had reserved 566 million unissued shares of common stock for future issuances under employee stock plans, convertible notes and preferred stock.
On July 21, 2021, the Board of Directors declared a quarterly common stock dividend of $0.21 per share.
Preferred StockDuring the three months ended March 31, 2021 and June 30, 2021, the Corporation declared $490 million and $260 million of cash dividends on preferred stock, or a total of $750 million for the six months ended June 30, 2021. Additionally, on April 25, 2021, the Corporation fully redeemed Series EE Preferred Stock for $900 million. For more information on the Corporation's preferred stock, including liquidation preference, dividend requirements and redemption period, see Note 13 – Shareholders’ Equity to the Consolidated Financial Statements of the Corporation’s 2020 Annual Report on Form 10-K.
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.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef