XML 41 R18.htm IDEA: XBRL DOCUMENT v3.19.1
Shareholders' Equity
 9 Months Ended
Mar. 31, 2019
Equity [Abstract]  
Shareholders' Equity
11. Shareholders' Equity
During the nine months ended March 31, 2019, we repurchased 11.5 million common shares having an aggregate cost of $600 million. The average price paid per common share was $52.32. These repurchases were made under an accelerated share repurchase ("ASR") program, which began on August 16, 2018 and was completed on October 25, 2018.
During the nine months ended March 31, 2018, we repurchased 6.5 million common shares having an aggregate cost of $450 million. The average price paid per common share was $68.81. These repurchases include $300 million purchased under an ASR program, which began on February 14, 2018 and was completed on March 21, 2018. We repurchased 4.3 million shares under the ASR at an average price paid per share of $69.26.
We funded the repurchases with available cash and short-term borrowings. The common shares repurchased are held in treasury to be used for general corporate purposes.
Accumulated Other Comprehensive Loss
The following table summarizes the changes in the balance of accumulated other comprehensive loss by component and in total:
(in millions)
Foreign
Currency
Translation
Adjustments
 
Unrealized
Gain/(Loss) on
Derivatives,
net of tax
 
Accumulated Other
Comprehensive
Income/(Loss)
Balance at June 30, 2018
$
(113
)
 
$
21

 
$
(92
)
Other comprehensive income/(loss), before reclassifications
(16
)
 
—

 
(16
)
Amounts reclassified to earnings
—

 
(3
)
 
(3
)
Other comprehensive income/(loss), net of tax
(16
)
 
(3
)
 
(19
)
Balance at March 31, 2019
$
(129
)
 
$
18

 
$
(111
)