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Shareholders' Equity
3 Months Ended
Sep. 30, 2018
Equity [Abstract]  
Shareholders' Equity
12. Shareholders' Equity
During the three months ended September 30, 2018, we repurchased 9.5 million common shares having an aggregate cost of $480 million. The average price paid per common share was $50.45. This repurchase was the initial delivery of shares in a $600 million accelerated share repurchase ("ASR") program, which began on August 16, 2018 and was completed on October 25, 2018 when we received the final delivery of 2.0 million common shares. The number of shares ultimately received was based on the volume weighted average price during the term of the ASR program. This was funded with available cash and short-term borrowings.
During the three months ended September 30, 2017, we repurchased 2.2 million common shares having an aggregate cost of $150 million. The average price paid per common share was $67.92. We funded the repurchases with available cash and short-term borrowings.
The common shares repurchased are held in treasury to be used for general corporate purposes.
Accumulated Other Comprehensive Loss
The following table summarizes the changes in the balance of accumulated other comprehensive loss by component and in total:
(in millions)
Foreign
Currency
Translation
Adjustments
 
Unrealized
Gain/(Loss) on
Derivatives,
net of tax
 
Accumulated Other
Comprehensive
Loss
Balance at June 30, 2018
$
(113
)
 
$
21

 
$
(92
)
Other comprehensive income/(loss), before reclassifications
(3
)
 

 
(3
)
Amounts reclassified to earnings

 
(2
)
 
(2
)
Other comprehensive income/(loss), net of tax
(3
)
 
(2
)
 
(5
)
Balance at September 30, 2018
$
(116
)
 
$
19

 
$
(96
)

The sum of components may not equal the total due to rounding.