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Share Repurchase Transactions and Other Comprehensive Loss | 3 Months Ended
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Mar. 31, 2020
Federal Home Loan Banks [Abstract] |
Share Repurchases Transactions and Other Comprehensive Loss | NOTE 10 — SHARE REPURCHASE TRANSACTIONS AND OTHER COMPREHENSIVE LOSS During January 2020 and 2019, our Board of Directors authorized share repurchase programs for up to $4 billion ($2 billion for each authorization) of our outstanding common stock. During the quarter ended March 31, 2020, we repurchased 3.287 million shares of our common stock at an average price of $134.18 per share through market purchases pursuant to the $2.0 billion share repurchase program authorized during January 2019. At March 31, 2020, we had $2.800 billion of repurchase authorization available under the January 2019 and 2020 authorizations. In response to the risks the COVID-19 pandemic presents to our business, during March 2020, we announced the suspension of our share repurchase programs and expect to evaluate the resumption of the programs at a future date. The components of accumulated other comprehensive loss are as follows (dollars in millions):
|  | Unrealized Gains on Available- for-Sale Securities |  |  | Foreign Currency Translation Adjustments |  |  | Defined Benefit Plans |  |  | Change in Fair Value of Derivative Instruments |  |  | Total |
Balances at December 31, 2019 |  | $ | 14 |  |  | $ | (283 | ) |  | $ | (187 | ) |  | $ | (4 | ) |  | $ | (460 | )
Unrealized losses on available-for-sale securities, net of $1 income tax benefit |  |  | (4 | ) |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (4 | )
Foreign currency translation adjustments, net of $9 income tax benefit |  |  |  |  |  |  | (64 | ) |  |  |  |  |  |  |  |  |  |  | (64 | )
Change in fair value of derivative instruments, net of $14 income tax benefit |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (46 | ) |  |  | (46 | )
Expense (income) reclassified into operations from other comprehensive income, net of $1 income tax benefit and $1 of income taxes, respectively |  |  |  |  |  |  |  |  |  |  | 3 |  |  |  | — |  |  |  | 3 |
Balances at March 31, 2020 |  | $ | 10 |  |  | $ | (347 | ) |  | $ | (184 | ) |  | $ | (50 | ) |  | $ | (571 | )

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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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