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SHAREHOLDERS' EQUITY
 9 Months Ended
Sep. 30, 2019
Equity [Abstract]  
SHAREHOLDERS' EQUITY SHAREHOLDERS' EQUITY

Common Stock Repurchase

In August 2015, the Board of Directors authorized a $1 billion share repurchase program. As of September 30, 2019, the Company has repurchased 6.7 million shares for $491 million under this program.
Accumulated Other Comprehensive Loss
 
Components of accumulated other comprehensive loss, net of tax (in millions):
 
September 30, 2019
 
December 31, 2018
Related to marketable securities
$
10

 
$
(11
)
Related to employee benefit plans
(422
)
 
(440
)
Related to interest rate derivatives
(9
)
 
3

Total
$
(421
)
 
$
(448
)


Earnings Per Share (EPS)

Diluted EPS is calculated by dividing net income by the average number of common shares outstanding plus the number of additional common shares that would have been outstanding assuming the exercise of in-the-money stock options and restricted stock units, using the treasury-stock method. For the three and nine months ended September 30, 2019 and 2018, anti-dilutive shares excluded from the calculation of EPS were not material.