STOCKHOLDERS’ EQUITY Stock Repurchase Program The Company’s Board of Directors (the “Board”) has authorized an aggregate of $6.2 billion of funding for the Company’s common stock repurchase program (the “Repurchase Program”) since its establishment in March 2009. The most recent authorization occurred in December 2016 when the Board increased the authorized amount available under Repurchase Program to $3.0 billion. As of June 30, 2018, the remaining amount of share repurchases authorized by the Board was approximately $717.5 million. There were no shares repurchased during the six months ended June 30, 2018. On January 24, 2017, the Company entered into an accelerated share repurchase program (the “ASR Program”) with Goldman Sachs & Co. LLC (“Goldman”) and Goldman delivered to the Company approximately 7.3 million shares of the Company’s common stock, for which the Company made a payment of $2.0 billion to Goldman. On December 7, 2017, the Company completed the ASR Program by making a final settlement payment of $274.0 million to Goldman. The final average price per share paid under the ASR Program was $310.32. Accumulated Other Comprehensive Income (Loss) The components of accumulated other comprehensive income (loss), net of tax, for the three and six months ended June 30, 2018, and 2017, are as follows (in millions): | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2018 | | Gains (Losses) on Hedge Instruments | | Unrealized Gains (Losses) on Available-for-Sale Securities | | Foreign Currency Translation Gains (Losses) | | Employee Benefit Plans | | Total | Beginning balance | $ | (3.2 | ) | | $ | (17.5 | ) | | $ | 6.8 |
| | $ | (4.2 | ) | | $ | (18.1 | ) | Other comprehensive income (loss) before reclassifications | 6.2 |
| | 0.8 |
| | (5.9 | ) | | (0.3 | ) | | 0.8 |
| Amounts reclassified from accumulated other comprehensive income (loss) | 0.4 |
| | — |
| | — |
| | 0.5 |
| | 0.9 |
| Net current-period other comprehensive income (loss) | 6.6 |
| | 0.8 |
| | (5.9 | ) | | 0.2 |
| | 1.7 |
| Ending balance | $ | 3.4 |
| | $ | (16.7 | ) | | $ | 0.9 |
| | $ | (4.0 | ) | | $ | (16.4 | ) | | | | | | | | | | | | Three Months Ended June 30, 2017 | | Gains (Losses) on Hedge Instruments | | Unrealized Gains (Losses) on Available-for-Sale Securities | | Foreign Currency Translation Gains (Losses) | | Employee Benefit Plans | | Total | Beginning balance | $ | 1.1 |
| | $ | (5.8 | ) | | $ | 0.5 |
| | $ | (3.8 | ) | | $ | (8.0 | ) | Other comprehensive income (loss) before reclassifications | (3.0 | ) | | 0.4 |
| | 0.5 |
| | — |
| | (2.1 | ) | Amounts reclassified from accumulated other comprehensive income (loss) | — |
| | 0.1 |
| | — |
| | 0.2 |
| | 0.3 |
| Net current-period other comprehensive income (loss) | (3.0 | ) | | 0.5 |
| | 0.5 |
| | 0.2 |
| | (1.8 | ) | Ending balance | $ | (1.9 | ) | | $ | (5.3 | ) | | $ | 1.0 |
| | $ | (3.6 | ) | | $ | (9.8 | ) |
| | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2018 | | Gains (Losses) on Hedge Instruments | | Unrealized Gains (Losses) on Available-for-Sale Securities | | Foreign Currency Translation Gains (Losses) | | Employee Benefit Plans | | Total | Beginning balance | $ | (2.4 | ) | | $ | (11.3 | ) | | $ | 2.3 |
| | $ | (4.1 | ) | | $ | (15.5 | ) | Other comprehensive income (loss) before reclassifications | 3.2 |
| | (6.6 | ) | | (1.4 | ) | | — |
| | (4.8 | ) | Amounts reclassified from accumulated other comprehensive income (loss) | 2.6 |
| | 1.2 |
| | — |
| | 0.1 |
| | 3.9 |
| Net current-period other comprehensive income (loss) | 5.8 |
| | (5.4 | ) | | (1.4 | ) | | 0.1 |
| | (0.9 | ) | Ending balance | $ | 3.4 |
| | $ | (16.7 | ) | | $ | 0.9 |
| | $ | (4.0 | ) | | $ | (16.4 | ) | | | | | | | | | | | | Six Months Ended June 30, 2017 | | Gains (Losses) on Hedge Instruments | | Unrealized Gains (Losses) on Available-for-Sale Securities | | Foreign Currency Translation Gains (Losses) | | Employee Benefit Plans | | Total | Beginning balance | $ | 5.0 |
| | $ | (8.6 | ) | | $ | (1.3 | ) | | $ | (4.0 | ) | | $ | (8.9 | ) | Other comprehensive income (loss) before reclassifications | (5.1 | ) | | 3.3 |
| | 2.3 |
| | 0.1 |
| | 0.6 |
| Amounts reclassified from accumulated other comprehensive income (loss) | (1.8 | ) | | — |
| | — |
| | 0.3 |
| | (1.5 | ) | Net current-period other comprehensive income (loss) | (6.9 | ) | | 3.3 |
| | 2.3 |
| | 0.4 |
| | (0.9 | ) | Ending balance | $ | (1.9 | ) | | $ | (5.3 | ) | | $ | 1.0 |
| | $ | (3.6 | ) | | $ | (9.8 | ) |
Retained Earnings For the three and six months ended June 30, 2018, retained earnings balance included a reduction of $5.2 million and $101.9 million, respectively, for shares withheld related to net share settlements of employee equity awards.
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