v3.20.4
Stockholders' Equity (Tables)
 12 Months Ended
Dec. 31, 2020
Stockholders' Equity Note [Abstract]  
Schedule of Classes of Capital Stock
Mastercard’s amended and restated certificate of incorporation authorizes the following classes of capital stock:
ClassPar Value Per ShareAuthorized Shares
(in millions)		Dividend and Voting Rights
A$0.00013,000 One vote per share
Dividend rights
B$0.00011,200 Non-voting
Dividend rights
Preferred$0.0001300 No shares issued or outstanding at December 31, 2020 and 2019. Dividend and voting rights are to be determined by the Board of Directors of the Company upon issuance.
Dividends Declared
The Company declared total per share dividends on its Class A and Class B Common Stock during the years ended December 31 as summarized below: 
202020192018
(in millions, except per share data)
Dividends declared per share $1.64 $1.39 $1.08 
Total dividends declared$1,641 $1,408 $1,120 
Schedule of Ownership and Governance Structure
Equity ownership and voting power of the Company’s shares were allocated as follows as of December 31:
20202019
Equity OwnershipGeneral Voting PowerEquity OwnershipGeneral Voting Power
Public Investors (Class A stockholders)88.2 %88.9 %87.8 %88.8 %
Principal or Affiliate Customers (Class B stockholders)0.8 %— %1.1 %— %
Mastercard Foundation (Class A stockholders)11.0 %11.1 %11.1 %11.2 %
Schedule of Share Repurchases and Authorizations
The following table summarizes the Company’s share repurchase authorizations of its Class A common stock through December 31, 2020, as well as historical purchases:
Board authorization datesDecember 2020December 2019December
2018		December
2017		December
2016
Date program became effectiveNot yet effectiveJanuary 2020January 2019March 2018April 2017Total
(in millions, except average price data)
Board authorization$6,000 $8,000 $6,500 $4,000 $4,000 $28,500 
Dollar-value of shares repurchased in 2018$— $— $— $3,699 $1,234 $4,933 
Remaining authorization at December 31, 2018$— $— $6,500 $301 $— $6,801 
Dollar-value of shares repurchased in 2019$— $— $6,196 $301 $— $6,497 
Remaining authorization at December 31, 2019$— $8,000 $304 $— $— $8,304 
Dollar-value of shares repurchased in 2020$— $4,169 $304 $— $— $4,473 
Remaining authorization at December 31, 2020$6,000 $3,831 $— $— $— $9,831 
Shares repurchased in 2018— — — 19.0 7.2 26.2 
Average price paid per share in 2018$— $— $— $194.77 $171.11 $188.26 
Shares repurchased in 2019— — 24.8 1.6 — 26.4 
Average price paid per share in 2019$— $— $249.58 $188.38 $— $245.89 
Shares repurchased in 2020— 13.3 1.0 — — 14.3 
Average price paid per share in 2020$— $313.26 $304.89 $— $— $312.68 
Cumulative shares repurchased through December 31, 2020— 13.3 25.8 20.6 28.2 87.9 
Cumulative average price paid per share$— $313.26 $251.72 $194.27 $141.99 $212.41 
Schedule of Changes in Common Stock Outstanding
The following table presents the changes in the Company’s outstanding Class A and Class B common stock for the years ended December 31:
 Outstanding Shares
 Class AClass B
(in millions)
Balance at December 31, 20171,039.7 14.1 
Purchases of treasury stock(26.2)— 
Share-based payments2.8 — 
Conversion of Class B to Class A common stock2.3 (2.3)
Balance at December 31, 20181,018.6 11.8 
Purchases of treasury stock(26.4)— 
Share-based payments3.2 — 
Conversion of Class B to Class A common stock0.6 (0.6)
Balance at December 31, 2019996.0 11.2 
Purchases of treasury stock(14.3)— 
Share-based payments2.3 — 
Conversion of Class B to Class A common stock2.9 (2.9)
Balance at December 31, 2020986.9 8.3