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STOCKHOLDERS’ EQUITY AND REDEEMABLE NONCONTROLLING INTEREST | 9 Months Ended
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Sep. 30, 2019
Stockholders' Equity Attributable to Parent [Abstract] |
STOCKHOLDERS’ EQUITY AND REDEEMABLE NONCONTROLLING INTEREST | STOCKHOLDERS’ EQUITY AND REDEEMABLE NONCONTROLLING INTEREST Stockholders' Equity Changes in Accumulated Other Comprehensive Income (Loss) by Component Comprehensive income (loss) includes:
• | Foreign currency translation adjustments;
• | Net deferred gain on cash flow hedges, which represents deferred gains/losses, net of tax on interest rate related derivative financial instruments designated as cash flow hedges, net of amounts reclassified to interest expense (see Note 10); and
• | Net change on available-for-sale debt securities, which represents unrealized holding gains, net of taxes on available-for-sale debt securities.
For the three and nine months ended September 30, 2019 and 2018, the tax effects related to the deferred gains/losses on cash flow hedges and net change on available-for-sale debt securities were not material. Foreign currency translation adjustments related to indefinite investments in non-U.S. subsidiaries are not adjusted for income taxes. Dividend Program During each of the first three quarters of 2019, the Company's Board of Directors declared a quarterly cash dividend of $0.53 per common share. During each of the first three quarters of 2018, the Company's Board of Directors declared a quarterly cash dividend of $0.50 per common share. During the fourth quarter of 2018, the Company's Board of Directors declared a quarterly cash dividend of $0.53 per common share. Share Repurchase Program As of September 30, 2019, $442 million remained available under the Company’s share repurchase authorizations. The share repurchase authorization has no set expiration or termination date. Share Repurchases For the nine months ended September 30, 2019, the Company repurchased 1.6 million shares of its common stock for $150 million. For the nine months ended September 30, 2018, the Company repurchased 1.4 million shares of its common stock for $150 million. Shares Reissued from Treasury Stock For the nine months ended September 30, 2019 and 2018, the Company reissued 1.8 million shares and 1.7 million shares, respectively, from treasury stock for shares issued under the Employee Stock Purchase Plan and stock option plans. For details regarding the Company's stock ownership and compensation plans, see Note 17 to the consolidated financial statements in the Company's 2018 Annual Report on Form 10-K. Redeemable Noncontrolling Interest In connection with the sale of an 18.9% noncontrolling interest in a subsidiary to UMass on July 1, 2015, the Company granted UMass the right to require the Company to purchase all of its interest in the subsidiary at fair value commencing July 1, 2020. The subsidiary performs diagnostic information services in a defined territory within the state of Massachusetts. Since the redemption of the noncontrolling interest is outside of the Company's control, it has been presented outside of stockholders' equity at the greater of its carrying amount or its fair value. The Company records changes in the fair value of the noncontrolling interest immediately as they occur. As of September 30, 2019, the redeemable noncontrolling interest was presented at its fair value. For further information regarding the fair value of the redeemable noncontrolling interest, see Note 6.

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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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