NOTE 8. STOCKHOLDERS’ EQUITY

The following table reflects the changes in Stockholders’ equity.

(In millions)
Stockholders’ equity at December 30, 2017	$	2,120
Net income		118
Other comprehensive income, net of tax		13
Dividends paid on common stock		(42	)
Amortization of long-term incentive stock grants		19
Repurchase of common stock for treasury		(22	)
Share purchase for taxes, net of proceeds on employee-related plans		(4	)
Acquisition escrow shares returned		(1	)
Adjustment for adoption of the new revenue accounting standard		(4	)
Stockholders’ equity at September 29, 2018	$	2,197

Accumulated other comprehensive income (loss) activity, net of tax, where applicable, is provided in the following table:

	Foreign			Change in
	Currency			Deferred
	Translation			Pension and
(In millions)	Adjustments			Other			Total
Balance at December 30, 2017	$	(43	)	$	(35	)	$	(78	)
Other comprehensive loss activity before reclassifications		(16	)		—			(16	)
Reclassification of foreign currency translation adjustments realized upon disposal of business		29			—			29
Balance at September 29, 2018	$	(30	)	$	(35	)	$	(65	)

Treasury Stock

In May 2016, the Company’s Board of Directors authorized a stock repurchase program of up to $100 million of its outstanding common stock. In July 2016, the Board of Directors authorized an increase to the current share repurchase program from $100 million to $250 million. The stock repurchase authorization permits the Company to repurchase stock from time-to-time through a combination of open market repurchases, privately negotiated transactions, 10b5-1 trading plans, accelerated stock repurchase transactions and/or other derivative transactions. The authorization extends to the end of 2018 and may be suspended or discontinued at any time. The exact number and timing of share repurchases will depend on market conditions and other factors, and will be funded through existing liquidity. However, under the Company’s Term Loan Credit Agreement, the Company’s ability to continue to repurchase its common stock is subject to certain restrictions.

In the third quarter and year-to-date 2018, the Company purchased approximately 5 million shares of its common stock at a cost of $14 million and 8 million shares at a cost of $22 million, respectively, under the stock repurchase program. As of September 29, 2018, $41 million remains available for share repurchase under the current Board authorization. Refer to Item 2, “Unregistered Sales of Equity Securities and Use of Proceeds” in Part II, “Other Information” for additional information.

Dividends on Common Stock

In the third quarter and year-to-date 2018, the Company’s Board of Directors declared quarterly cash dividends of $0.025 per share on its common stock, resulting in total cash payments of $14 million and $42 million, respectively. Dividends have been recorded as a reduction to additional paid-in capital as the Company is in an accumulated deficit position. Payment of dividends is permitted under the Company’s Amended Credit Agreement provided that the Company has the required minimum liquidity or fixed charge ratio, but may be limited if the Company does not meet the necessary requirements. Additionally, under the Company’s Term Loan Credit Agreement, payment of dividends is permitted subject to compliance with an annual limit.