XML 42 R29.htm IDEA: XBRL DOCUMENT v3.10.0.1
Equity (Tables)
 9 Months Ended
Sep. 30, 2018
Stockholders' Equity Note [Abstract]  
Cash Dividends Declared
The following table summarizes the Company’s cash dividends declared per common stock:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2018
 
2017
 
2018
 
2017
Cash dividends declared per common stock
$
0.18

 
$
0.10

 
$
0.54

 
$
0.30
Schedule of repurchase agreements
The following table summarizes the Company's stock repurchases and retirements under its stock repurchase programs (in millions, except per share amounts):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2018 (1)
 
2017 (2)
 
2018 (1)
 
2017 (2)
Shares repurchased
6.0

 
5.0

 
29.3

 
13.5

Average price per share
$
25.62

 
$
28.16

 
$
25.62

 
$
28.85

Amount repurchased
$
—

 
$
140.0

 
$
750.0

 
$
390.0

________________________________
(1) Shares repurchased under the 2018 Stock Repurchase Program. $750.0 million represents the full amount of the ASR for which 23.3 million shares were received initially during the first quarter of 2018, and an additional 6.0 million shares were received at final settlement during the third quarter of 2018.
(2) Shares repurchased under the 2014 Stock Repurchase Program.
Components of accumulated other comprehensive loss, net of taxes
The components of accumulated other comprehensive loss, net of related taxes, for the nine months ended September 30, 2018 were as follows (in millions):
 
Unrealized
Gains/Losses
on Available-for-
Sale Debt Securities(1)
 
Unrealized
 Gains/Losses
on Cash Flow
Hedges(2)
 
Foreign
Currency
Translation
Adjustments
 
Total
Balance as of December 31, 2017
$
19.0

 
$
6.0

 
$
(30.4
)
 
$
(5.4
)
Other comprehensive loss before reclassifications
(0.6
)
 
(5.9
)
 
(13.7
)
 
(20.2
)
Amount reclassified from accumulated other comprehensive loss
0.9

 
(5.5
)
 
—

 
(4.6
)
Other comprehensive income (loss), net
0.3

 
(11.4
)
 
(13.7
)
 
(24.8
)
Reclassification of tax effects upon adoption of ASU 2018-02
5.0

 
0.7

 
—

 
5.7

Balance as of September 30, 2018
$
24.3

 
$
(4.7
)
 
$
(44.1
)
 
$
(24.5
)
________________________________
(1) 
The reclassifications out of accumulated other comprehensive loss during the nine months ended September 30, 2018 for realized gains/losses on available-for-sale debt securities were included in other expense, net, in the Condensed Consolidated Statements of Operations and were not material.        
(2) 
The reclassifications out of accumulated other comprehensive loss during the nine months ended September 30, 2018 for realized gains/losses on cash flow hedges were included within cost of revenues, research and development, sales and marketing, and general and administrative in the Condensed Consolidated Statements of Operations and were not material individually.