Notes to Consolidated Financial Statements

(Continued)

Note 11.
Capital Stock:

Shares of authorized common stock are 12 billion; issued, repurchased and outstanding shares were as follows:


                                                               

At December 31, 2005, 104,294,075 shares of common stock were reserved for stock options and other stock awards under Altria Group, Inc.’s stock plans, and 10 million shares of Serial Preferred Stock, $1.00 par value, were authorized, none of which have been issued.

Following the rating agencies’ actions discussed in Note 9. Short-Term Borrowings and Borrowing Arrangements, ALG suspended its share repurchase program. During 2005, 2004 and 2003, Kraft repurchased 39.2 million, 21.5 million and 12.5 million shares of its Class A common stock at a cost of $1.2 billion, $700 million and $380 million, respectively.