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Equity
 12 Months Ended
Dec. 31, 2018
Equity [Abstract]  
Equity
Equity

The following table summarizes dividends paid, stock repurchases and retirements under the Company's stock repurchase programs, and stock repurchases for tax withholdings (in millions, except per share amounts):
 
Dividends
 
Stock Repurchases
 
Total
Year
Per Share
 
Amount
 
Shares
 
Average price
per share
 
Amount
 
Tax Withholding
Amount
 
Amount
2018(1)
$
0.72

 
$
249.3

 
29.3

 
$
25.62

 
$
750.0

 
$
6.6

 
$
1,005.9

2017(2)
$
0.40

 
$
150.4

 
26.1

 
$
27.61

 
$
719.7

 
$
6.1

 
$
876.2

2016(2)
$
0.40

 
$
152.5

 
13.5

 
$
23.25

 
$
312.9

 
$
11.7

 
$
477.1

________________________________
(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.

Cash Dividends on Shares of Common Stock

During 2018, the Company declared four quarterly cash dividends of $0.18 per share on its common stock on January 30, 2018, May 2, 2018, July 26, 2018 and October 24, 2018, which were paid on March 22, 2018, June 22, 2018, September 25, 2018 and December 26, 2018, respectively, to stockholders of record as of the close of business on March 1, 2018, June 1, 2018, September 4, 2018, and December 5, 2018, respectively. 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 an authorized committee thereof. See Note 18, Subsequent Events, for discussion of the Company's dividend declaration subsequent to December 31, 2018.

Stock Repurchase Activities

In January 2018, the Board approved a $2.0 billion share repurchase program ("2018 Stock Repurchase Program"), including $750.0 million to be used pursuant to an accelerated share repurchase program. The 2018 Stock Repurchase Program replaces the previous authorization approved by the Board in 2014 ("2014 Stock Repurchase Program").

As part of the 2018 Stock Repurchase Program, in February 2018, the Company entered into an accelerated share repurchase program (the "ASR") with two financial institutions to repurchase $750.0 million of the Company's common stock. During the first quarter of 2018, the Company made an up-front payment of $750.0 million pursuant to the ASR and received an initial 23.3 million shares of the Company's common stock, based on the market value of the Company's common stock on the date of the transaction. During the third quarter of 2018, the ASR was completed and an additional 6.0 million shares were received from the financial institutions for a total repurchase of 29.3 million shares of the Company's common stock at a volume weighted average repurchase price, less an agreed upon discount, of $25.62 per share. The shares received with respect to the ASR were retired and accounted for as a reduction to stockholders' equity in the Consolidated Balance Sheets.

As of December 31, 2018, there were $1.3 billion of authorized funds remaining under the 2018 Stock Repurchase Program.

Future share repurchases under the 2018 Stock Repurchase Program 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 2018 Stock Repurchase Program may be discontinued at any time.

Accumulated Other Comprehensive Loss, Net of Tax

The components of accumulated other comprehensive loss, net of related taxes, for the years ended December 31, 2018, 2017, and 2016 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, 2015
$
17.0

 
$
(1.3
)
 
$
(34.9
)
 
$
(19.2
)
Other comprehensive income (loss) before reclassifications
0.8

 
(2.1
)
 
(14.5
)
 
(15.8
)
Amount reclassified from accumulated other comprehensive loss
(1.2
)
 
(1.1
)
 
—

 
(2.3
)
Other comprehensive loss, net
(0.4
)
 
(3.2
)
 
(14.5
)
 
(18.1
)
Balance as of December 31, 2016
$
16.6

 
$
(4.5
)
 
$
(49.4
)
 
$
(37.3
)
Other comprehensive income before reclassifications
4.5

 
15.7

 
19.0

 
39.2

Amount reclassified from accumulated other comprehensive loss
(2.1
)
 
(5.2
)
 
—

 
(7.3
)
Other comprehensive income, net
2.4

 
10.5

 
19.0

 
31.9

Balance as of December 31, 2017
$
19.0

 
$
6.0

 
$
(30.4
)
 
$
(5.4
)
Other comprehensive income (loss) before reclassifications
0.6

 
(6.4
)
 
(12.4
)
 
(18.2
)
Amount reclassified from accumulated other comprehensive income (loss)
0.9

 
(1.2
)
 
—

 
(0.3
)
Other comprehensive income (loss), net
1.5

 
(7.6
)
 
(12.4
)
 
(18.5
)
Reclassification of tax effects upon adoption of ASU 2018-02
5.0

 
0.7

 
—

 
5.7

Balance as of December 31, 2018
$
25.5

 
$
(0.9
)
 
$
(42.8
)
 
$
(18.2
)
________________________________
(1) 
The reclassifications out of accumulated other comprehensive loss during the years ended December 31, 2018, 2017, and 2016 for realized gains on available-for-sale debt securities were not material, and were included in other expense, net, in the Consolidated Statements of Operations.
(2) 
The reclassifications out of accumulated other comprehensive loss during the years ended December 31, 2018, 2017, and 2016 for realized gains and losses on cash flow hedges were not material, and were included within cost of revenues, research and development, sales and marketing, and general and administrative in the Consolidated Statements of Operations.