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Share Repurchase Transactions and Other Comprehensive Loss
 9 Months Ended
Sep. 30, 2021
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 February 2021, our Board of Directors authorized an additional $6 billion for repurchases of our outstanding common stock. During the nine months ended September 30, 2021, we repurchased 29.343 million shares of our common stock at an average price of $209.35 per share through market purchases pursuant to the January 2019 authorization (which was completed during the first quarter of 2021), the January 2020 authorization (which was completed during the second quarter of 2021) and the February 2021 authorization. At September 30, 2021, we had $2.658 billion of repurchase authorization available under the February 2021 authorization.
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, 2020
   $ 25     $ (271 )    $ (220 )    $ (36 )    $ (502 ) 
Unrealized losses on
available-for-sale
securities, net of $3 income tax benefit
     (9 )                              (9 ) 
Foreign currency translation adjustments, net of $2 income tax benefit
             (18 )                      (18 ) 
Change in fair value of derivative instruments
                             (1 )      (1 ) 
Expense reclassified into operations from other comprehensive income, net of $5 and $6 income tax benefits, respectively
                     16       22       38  
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Balances at September 30, 2021
   $ 16     $ (289 )    $ (204 )    $ (15 )    $ (492 )