Stockholders’ Equity

Share Repurchases

The Company’s Board of Directors has authorized the repurchase of up to $1.7 billion of its common stock under a plan originally approved in 2013 and subsequently expanded, most recently in August 2018. During the three months ended March 31, 2019 and 2018, the Company did not repurchase any shares of common stock under the program. As of March 31, 2019, approximately $150 million of authorization remains available to repurchase common stock under this plan.

Total Comprehensive Income (Loss)

Comprehensive income (loss) consists of net income (loss) and other gains and losses affecting stockholders’ equity that, under GAAP, are excluded from net income (loss).

The components of other comprehensive income (loss) were as follows:



		Three Months Ended March 31,
		2019			2018
Net loss		$	(91	)	$	(87	)
Other comprehensive income (loss):
	Currency translation adjustments (net of tax of $(6) and $5, respectively)	1			1
	Net unrealized gain (loss) on cash flow hedges (net of tax of $3 and $(2), respectively)	(8		)	6
	Minimum pension liability adjustment (net of tax of $0 and $(1), respectively)	2			1
		(5		)	8
Comprehensive loss		$	(96	)	$	(79	)

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Currency translation adjustments exclude income taxes related to indefinite investments in foreign subsidiaries.

Accumulated Other Comprehensive Income (Loss)

The components of accumulated other comprehensive income (loss) were as follows:



		Currency Translation Adjustments			Net Unrealized Gains (Losses) on Cash Flow Hedges^(a)			Net Unrealized Gains (Losses) on Available-for Sale Securities			Minimum Pension Liability Adjustment^(b)			Accumulated Other Comprehensive Income (Loss)
Balance, December 31, 2018		$	(3	)	$	2		$	—		$	(132	)	$	(133	)
	Cumulative effect of accounting change ^(c)	—			1			—			—			1
Balance, January 1, 2019		$	(3	)	$	3		$	—		$	(132	)	$	(132	)
	Other comprehensive income (loss) before reclassifications	1			(7		)	—			1			(5		)
	Amounts reclassified from accumulated other comprehensive income (loss)	—			(1		)	—			1			—
Net current-period other comprehensive income (loss)		1			(8		)	—			2			(5		)
Balance, March 31, 2019		$	(2	)	$	(5	)	$	—		$	(130	)	$	(137	)

Balance, December 31, 2017		$	71		$	5		$	2		$	(102	)	$	(24	)
	Cumulative effect of accounting change	7			1			(2		)	(12		)	(6		)
Balance, January 1, 2018		$	78		$	6		$	—		$	(114	)	$	(30	)
	Other comprehensive income (loss) before reclassifications	1			6			—			—			7
	Amounts reclassified from accumulated other comprehensive income (loss)	—			—			—			1			1
Net current-period other comprehensive income (loss)		1			6			—			1			8
Balance, March 31, 2018		$	79		$	12		$	—		$	(113	)	$	(22	)

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All components of accumulated other comprehensive income (loss) are net of tax, except currency translation adjustments, which exclude income taxes related to indefinite investments in foreign subsidiaries and include a $80 million gain, net of tax, as of March 31, 2019 related to the Company’s hedge of its net investment in euro-denominated foreign operations (see Note 15-Financial Instruments).


^(a)	For the three months ended March 31, 2019, the amount reclassified from accumulated other comprehensive income (loss) into corporate interest expense was $2 million ($1 million, net of tax).


^(b)	For the three months ended March 31, 2019 and 2018, amounts reclassified from accumulated other comprehensive income (loss) into selling, general and administrative expenses were $2 million ($1 million, net of tax) and $2 million ($1 million, net of tax), respectively.


^(c)	See Note 1-Basis of Presentation for the impact of adoption of ASU 2017-12.