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STOCKHOLDERS' EQUITY | 12 Months Ended
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May 31, 2019
Stockholders Equity Note [Abstract] |
STOCKHOLDERS' EQUITY |
12. | STOCKHOLDERS’ EQUITY
Common Stock Repurchases Our Board of Directors has approved a program for us to repurchase shares of our common stock. On September 17, 2018 and February 15, 2019, we announced that our Board of Directors approved expansions of our stock repurchase program collectively totaling $24.0 billion. As of May 31, 2019, approximately $5.8 billion remained available for stock repurchases pursuant to our stock repurchase program. We repurchased 733.8 million shares for $36.0 billion (including 0.8 million shares for $40 million that were repurchased but not settled), 238.0 million shares for $11.5 billion, and 85.6 million shares for $3.5 billion in fiscal 2019, 2018 and 2017, respectively, under the stock repurchase program. Our stock repurchase authorization does not have an expiration date and the pace of our repurchase activity will depend on factors such as our working capital needs, our cash requirements for acquisitions and dividend payments, our debt repayment obligations or repurchases of our debt, our stock price, and economic and market conditions. Our stock repurchases may be effected from time to time through open market purchases and pursuant to a Rule 10b5-1 plan. Our stock repurchase program may be accelerated, suspended, delayed or discontinued at any time. Dividends on Common Stock During fiscal 2019, 2018 and 2017, our Board of Directors declared cash dividends of $0.81, $0.76 and $0.64 per share of our outstanding common stock, respectively, which we paid during the same period. In June 2019, our Board of Directors declared a quarterly cash dividend of $0.24 per share of our outstanding common stock. The dividend is payable on July 31, 2019 to stockholders of record as of the close of business on July 17, 2019. Future declarations of dividends and the establishment of future record and payment dates are subject to the final determination of our Board of Directors. Accumulated Other Comprehensive Loss The following table summarizes, as of each balance sheet date, the components of our AOCL, net of income taxes:
|  | May 31, |
(in millions) |  | 2019 |  |  | 2018 |
Foreign currency translation losses and other, net |  | $ | (1,176 | ) |  | $ | (1,027 | )
Unrealized losses on defined benefit plans, net |  |  | (392 | ) |  |  | (322 | )
Unrealized losses on marketable securities, net |  |  | (90 | ) |  |  | (422 | )
Unrealized gains on cash flow hedges, net |  |  | 30 |  |  |  | 82 |
Total accumulated other comprehensive loss |  | $ | (1,628 | ) |  | $ | (1,689 | )

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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