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STOCKHOLDERS’ EQUITY
6 Months Ended
Jun. 30, 2022
Equity [Abstract]  
STOCKHOLDERS’ EQUITY STOCKHOLDERS’ EQUITY
MGM Resorts International dividends. On August 3, 2022 the Company’s Board of Directors approved a quarterly dividend of $0.0025 per share that will be payable on September 15, 2022 to holders of record on September 9, 2022.

MGM Resorts International stock repurchase program. The Company’s Board of Directors authorized a $2.0 billion stock repurchase program in March 2022 and a $3.0 billion stock repurchase program in February 2020. Under the stock repurchase programs, the Company may repurchase shares from time to time in the open market or in privately negotiated agreements. Repurchases of common stock may also be made under a Rule 10b5-1 plan, which would permit common stock to be repurchased when the Company might otherwise be precluded from doing so under insider trading laws. The timing, volume and nature of stock repurchases will be at the sole discretion of management, dependent on market conditions, applicable securities laws, and other factors, and may be suspended or discontinued at any time.

During the three months ended June 30, 2021, the Company repurchased approximately 6 million shares of its common stock at an average price of $39.48 per share for an aggregate amount of $220 million. During the six months ended June 30, 2021, the Company repurchased approximately 9 million shares of its common stock at an average price of $38.90 per share for an aggregate amount of $340 million. Repurchased shares were retired.
During the three months ended June 30, 2022, the Company repurchased approximately 32 million shares of its common stock at an average price of $34.42 per share for an aggregate amount of $1.1 billion. During the six months ended June 30, 2022, the Company repurchased approximately 56 million shares of its common stock at an average price of $37.98 per share for an aggregate amount of $2.1 billion, which included the February 2022 repurchase of 4.5 million shares at a price of $45.00 per share for an aggregate amount of $202.5 million from funds managed by Corvex Management LP, a related party. In connection with these repurchases, the February 2020 $3.0 billion stock repurchase program was completed. Repurchased shares were retired. The remaining availability under the March 2022 $2.0 billion stock repurchase program was $1.1 billion as of June 30, 2022.

Subsequent to the quarter ended June 30, 2022, the Company repurchased 5 million shares of its common stock at an average price of $29.32 per share for an aggregate amount of $156 million. Repurchased shares were retired.

Accumulated other comprehensive loss. Changes in accumulated other comprehensive loss attributable to MGM Resorts International are as follows:
 Currency Translation Adjustments  Cash Flow Hedges  Other  Total
 (In thousands)
Balances, April 1, 2022$(11,091)$(28,841)$17,925 $(22,007)
Other comprehensive loss before reclassifications(9,828)— — (9,828)
Amounts reclassified from accumulated other comprehensive loss to interest expense— 1,661 — 1,661 
Other comprehensive income (loss), net of tax(9,828)1,661 — (8,167)
Other changes in accumulated other comprehensive loss:
Deconsolidation of MGP — 28,151 (17,067)11,084 
Changes in accumulated other comprehensive loss(9,828)29,812 (17,067)2,917 
Other comprehensive loss (income) attributable to noncontrolling interest3,119 (971)— 2,148 
Balances, June 30, 2022$(17,800)$— $858 $(16,942)
Balances, January 1, 2022$(907)$(41,634)$17,925 $(24,616)
Other comprehensive income (loss) before reclassifications(27,794)30,692 — 2,898 
Amounts reclassified from accumulated other comprehensive loss to interest expense— 7,000 — 7,000 
Other comprehensive income (loss), net of tax(27,794)37,692 — 9,898 
Other changes in accumulated other comprehensive loss:
Deconsolidation of MGP — 28,151 (17,067)11,084 
Changes in accumulated other comprehensive loss(27,794)65,843 (17,067)20,982 
Other comprehensive loss (income) attributable to noncontrolling interest10,901 (24,209)— (13,308)
Balances, June 30, 2022$(17,800)$— $858 $(16,942)