Equity

Cash Dividends on Shares of Common Stock

During the six months ended June 30, 2016, the Company declared quarterly cash dividends of $0.10 per share of common stock on January 27, 2016 and on April 28, 2016, which were paid on March 22, 2016 and on June 22, 2016, respectively, to stockholders of record on March 1, 2016 and June 1, 2016, respectively, in the aggregate amount of $76.4 million. Any future dividends, and the establishment of record and payment dates, are subject to approval by the Board of Directors (the “Board”) of Juniper Networks or authorized committee thereof. See Note 16, Subsequent Events, for discussion of the Company's dividend declaration subsequent to June 30, 2016.

Stock Repurchase Activities

In February 2014, the Company's Board approved a stock repurchase program that authorized the Company to repurchase up to $2.1 billion of its common stock, including $1.2 billion pursuant to an accelerated share repurchase program (“2014 Stock Repurchase Program”). In October 2014 and July 2015, the Board authorized a $1.3 billion and $500.0 million increase, respectively, to the 2014 Stock Repurchase Program for a total of $3.9 billion. As of June 30, 2016, there was $332.1 million of authorized funds remaining under the 2014 Stock Repurchase Program. In addition to repurchases under the Company’s stock repurchase program, the Company also repurchases common stock from certain employees in connection with the net issuance of shares to satisfy minimum tax withholding obligations upon the vesting of certain stock awards issued to such employees.

The following table summarizes the Company's repurchases and retirements of its common stock under its stock repurchase program and repurchases associated with minimum tax withholdings (in millions, except per share amounts):



	Three Months Ended June 30,				Six Months Ended June 30,
	2016		2015		2016		2015
Repurchases Under Stock Repurchase Program
Shares repurchased	5.5		23.2		8.6		40.6
Average price per share	$	23.08	$	25.83	$	23.37	$	24.64
Amount repurchased	$	125.5	$	600.0	$	200.5	$	1,000.0

Repurchases for Tax Withholding
Shares repurchased	0.1		0.1		0.4		0.2
Average price per share	$	23.31	$	25.91	$	24.64	$	24.80
Amount repurchased	$	1.2	$	2.3	$	9.6	$	4.7

Future share repurchases under the Company’s stock repurchase programs will be subject to a review of the circumstances at that time and will be made from time to time in private transactions or open market purchases as permitted by securities laws and other legal requirements.

The Company's stock repurchase programs may be discontinued at any time. See Note 16, Subsequent Events, for discussion of the Company's stock repurchase activity subsequent to June 30, 2016.

Accumulated Other Comprehensive Loss, Net of Tax

The components of accumulated other comprehensive loss, net of related taxes, during the six months ended June 30, 2016 were as follows (in millions):



	Unrealized Gains (Losses) on Available-for- Sale Securities⁽¹⁾			Unrealized Gains (Losses) on Cash Flow Hedges⁽²⁾			Foreign Currency Translation Adjustments			Total
Balance as of December 31, 2015	$	17.0		$	(1.3	)	$	(34.9	)	$	(19.2	)
Other comprehensive gain before reclassifications	6.0			3.9			5.8			15.7
Amount reclassified from accumulated other comprehensive loss	(0.8		)	(0.1		)	—			(0.9		)
Other comprehensive gains, net	5.2			3.8			5.8			14.8
Balance as of June 30, 2016	$	22.2		$	2.5		$	(29.1	)	$	(4.4	)

________________________________


⁽¹⁾	The reclassifications out of accumulated other comprehensive loss during the six months ended June 30, 2016 for realized gains on available-for-sale securities of $0.8 million are included in other expense, net, in the Condensed Consolidated Statements of Operations.

⁽²⁾

The reclassifications out of accumulated other comprehensive loss during the six months ended June 30, 2016 for realized gains on cash flow hedges are included within research and development of $0.1 million, sales and marketing of $0.1 million, and an immaterial realized loss in general and administrative, and for realized losses within cost of revenues of $0.1 million for which the hedged transactions relate in the Condensed Consolidated Statements of Operations.