STOCKHOLDERS' EQUITY

Stock Repurchase Program

On November 19, 2018 we announced that our board of directors had approved a new share repurchase program (the "2019 repurchase program") designed, among other things, to reduce or eliminate dilution resulting from issuance of stock under the company's employee equity incentive programs. The 2019 repurchase program authorizes the purchase of up to $1.75 billion of our common stock at the company's discretion and has no fixed termination date. The 2019 repurchase program does not require the company to acquire a specific number of shares and may be suspended, amended or discontinued at any time. During the three and six months ended April 30, 2019, we repurchased approximately 638,000 shares for $50 million and 1.766 million shares for $125 million, respectively, under this authorization. During the three and six months ended April 30, 2019, we retired approximately 629,000 shares for $49 million and 1.757 million shares for $124 million, respectively. The remaining 9,000 treasury shares were retired on May 1, 2019. As of April 30, 2019, we had remaining authorization to repurchase up to $1.625 billion of our common stock under this program.

On May 28, 2015, we announced that our board of directors had approved a new share repurchase program (the "2015 repurchase program"). The 2015 repurchase program authorized the purchase of up to $1.14 billion of our common stock at the company's discretion through and including November 1, 2018. The 2015 repurchase program did not require the company to acquire a specific number of shares and could have been suspended or discontinued at any time. During the three and six months ended April 30, 2018, we repurchased 674,000 shares for $46 million and 1.3 million shares for $93 million, respectively, under this authorization. During the three and six months ended April 30, 2018, we retired approximately 711,000 treasury shares for $49 million and 1.3 million treasury shares for $93 million, respectively. On November 1, 2018, the remaining authorization of $188 million under this repurchase program expired.

Cash Dividends on Shares of Common Stock

During the three and six months ended April 30, 2019, we paid cash dividends of $0.164 per common share or $52 million and $0.328 per common share or $104 million, respectively, on the company's common stock. During the three and six months ended April 30, 2018, we paid cash dividends of $0.149 per common share or $48 million and $0.298 per common share or $96 million on the company's common stock.

On May 22, 2019, our board of directors declared a quarterly dividend of $0.164 per share of common stock or approximately $53 million which will be paid on July 24, 2019 to all shareholders of record at close of business on July 2, 2019. The timing and amounts of any future dividends are subject to determination and approval by our board of directors.

Accumulated Other Comprehensive Income (Loss)

Changes in accumulated other comprehensive income (loss) by component and related tax effects were as follows (in millions):



				Net defined benefit pension cost and post retirement plan costs
Three Months Ended April 30, 2019	Foreign currency translation			Prior service credits			Actuarial Losses			Unrealized gains (losses) on derivatives			Total
	(in millions)
As of January 31, 2019	$	(176	)	$	135		$	(338	)	$	(2	)	$	(381	)

Other comprehensive income (loss) before reclassifications	(25		)	—			(2		)	4			(23		)

Amounts reclassified out of accumulated other comprehensive income (loss)	—			(2		)	10			—			8

Tax (expense) benefit	—			1			(2		)	(1		)	(2		)

Other comprehensive income (loss)	(25		)	(1		)	6			3			(17		)

As of April 30, 2019	$	(201	)	$	134		$	(332	)	$	1		$	(398	)

Six Months Ended April 30, 2019

As of October 31, 2018	$	(214	)	$	134		$	(335	)	$	7		$	(408	)

Impact of adoption of new guidance on tax effects in accumulated other comprehensive income (loss)	—			3			(9		)	(1		)	(7		)
	(214		)	137			(344		)	6			(415		)
Other comprehensive income (loss) before reclassifications	4			—			(2		)	(2		)	—

Amounts reclassified out of accumulated other comprehensive income (loss)	—			(4		)	20			(5		)	11

Tax (expense) benefit	9			1			(6		)	2			6

Other comprehensive income (loss)	13			(3		)	12			(5		)	17

As of April 30, 2019	$	(201	)	$	134		$	(332	)	$	1		$	(398	)

Reclassifications out of accumulated other comprehensive income (loss) for the three and six months ended April 30, 2019 and 2018 were as follows (in millions):



Details about accumulated other comprehensive income (loss) components	Amounts Reclassified from other comprehensive income (loss)												Affected line item in statement of operations


	Three Months Ended						Six Months Ended
	April 30,						April 30,
	2019			2018			2019			2018

Unrealized gain (loss) on derivatives	$	—		$	(5	)	$	5		$	(5	)	Cost of products
	—			(5		)	5			(5		)	Total before income tax
	—			2			(1		)	2			(Provision) benefit for income tax
	—			(3		)	4			(3		)	Total net of income tax
Net defined benefit pension cost and post retirement plan costs:

Actuarial net loss	(10		)	(10		)	(20		)	(19		)
Prior service benefit	2			2			4			4
	(8		)	(8		)	(16		)	(15		)	Total before income tax
	1			3			5			4			Benefit for income tax
	(7		)	(5		)	(11		)	(11		)	Total net of income tax

Total reclassifications for the period	$	(7	)	$	(8	)	$	(7	)	$	(14	)

Amounts in parentheses indicate reductions to income and increases to other comprehensive income (loss).

Reclassifications out of accumulated other comprehensive income (loss) of prior service benefit and actuarial net loss in respect of retirement plans and post retirement pension plans are included in the computation of net periodic cost together with curtailments and settlements (see Note 11, "Retirement Plans and Post Retirement Pension Plans").