In keeping with a modernization of corporate statutes in its home state, UMC Corporation decided in $2024$ to discontinue accounting for reacquired shares as treasury stock. Instead, shares repurchased will be viewed as having been retired, reassuming the status of unissued shares. As part of the change, treasury shares held were reclassified as retired stock. At December $31,2023,$ UMC's balance sheet reported the following shareholders' equity:

$\backslash$table$[[$Common stock, $$1$ par,$($$ in millions$)],[$Paid$-$in capital$-$excess of par,$$200$