days. The Company's total issuances of debt also included long-term debt issuances of $2,276 million, net of the debt issued to exchange a certain amount of our existing long-term debt. The Company issued $2,979 million of long-term debt during 2011. We used $979 million of this newly issued debt and paid a premium of $208 million to exchange $1,022 million of existing long-term debt that was assumed in connection with our acquisition of CCE's former North America business in the fourth quarter of 2010. The remaining cash from the issuance was used to reduce the Company's outstanding commercial paper balance and exchange a certain amount of short-term debt. 

During 2011, the Company made payments of debt of $22,530 million, including repurchased debt that was assumed in connection with our acquisition of CCE's former North America business. Total payments of debt included $91 million of net payments of commercial paper and short-term debt with maturities of 90 days or less, and $20,334 million of payments of commercial paper and short-term debt with maturities greater than 90 days. The Company's total payments of debt also included long-term debt payments of $2,105 million. During 2011, the Company recorded a net charge of $9 million in the line item interest expense in our consolidated statement of income due to the exchange, repurchase and/or extinguishment of long-term debt described above. 

The carrying value of the Company's long-term debt included fair value adjustments related to the debt assumed from CCE of $514 million and $617 million as of

December 31, 2013 and 2012, respectively. These fair value adjustments are being amortized over the number of years remaining until the underlying debt matures. As of December 31, 2013, the weighted-average maturity of the assumed debt to which these fair value adjustments relate was approximately19 years. The amortization of these fair value adjustments will be a reduction of interest expense in future periods, which will typically result in our interest expense being less than the actual interest paid to service the debt. Total interest paid was $498 million, $574 million and $573 million in 2013, 2012 and 2011, respectively. Refer to Note 10 of Notes to Consolidated Financial Statements for additional information related to the Company's long-term debt balances. 

Issuances of Stock 

The issuances of stock in 2013, 2012 and 2011 were primarily related to the exercise of stock options by Company employees. 

Share Repurchases 

On July 20, 2006, the Board of Directors of the Company authorized a share repurchase program of up to 600 million shares of the Company's common stock. The program took effect on October 31, 2006. Although there were approximately 43 million shares that were yet to be purchased under this share repurchase program, the Board of Directors authorized a new share repurchase program of up to 500 million shares of the Company's common stock on October 18, 2012 (the "2012 Plan"). The 2012 Plan allowed the Company to continue repurchasing shares following the completion of the prior program. The table below presents annual shares repurchased and average price per share: