Note 6 – Stockholders’ Equity

Dividends on our Common Stock

The Executive Committee, acting on behalf of the Board of Directors, declared the following dividends during the periods presented:



Declaration Date	Dividend Per Share		Record Date	Total Amount (in thousands)		Payment Date
Six Months Ended June 30, 2017
February 7, 2017	$	0.28	March 9, 2017	$	42,247	March 30, 2017
April 26, 2017	0.28		May 25, 2017	42,438		June 15, 2017
Six Months Ended June 30, 2016
February 8, 2016	0.24		March 10, 2016	36,174		March 30, 2016
April 26, 2016	0.24		May 26, 2016	35,773		June 16, 2016

In addition, in July 2017, the Executive Committee, acting on behalf of the Board of Directors, declared a quarterly cash dividend of $0.30 per share of outstanding common stock payable on September 14, 2017 to stockholders of record as of the close of business on August 24, 2017. Future declarations of dividends are subject to final determination by our Board of Directors.

Share Repurchases

In February 2015, the Executive Committee, acting on behalf of the Board of Directors, authorized a repurchase of up to 10 million shares of our common stock. There is no fixed termination date for the repurchases. During the six months ended June 30, 2017, we repurchased, through open market transactions, 0.8 million shares under this authorization for the total cost of $102 million, excluding transaction costs, representing an average repurchase price of $130.95 per share. As of June 30, 2017, 6.5 million shares remain authorized for repurchase under the 2015 authorization. Subsequent to June 30, 2017, we repurchased an additional 0.2 million shares for a total cost of $33 million, excluding transaction costs, representing an average price of $150.37 per share.

Accumulated Other Comprehensive Income (Loss)

The balance for each class of accumulated other comprehensive loss as of June 30, 2017 and December 31, 2016 is as follows:



	June 30, 2017			December 31, 2016
	(In thousands)
Foreign currency translation adjustments, net of tax⁽¹⁾	$	(188,364	)	$	(280,426	)
Net unrealized gain (loss) on available for sale securities, net of tax	24			27
Accumulated other comprehensive loss	$	(188,340	)	$	(280,399	)

(1)

Foreign currency translation adjustments, net of tax, include foreign currency transaction losses at June 30, 2017 of $(22) million ($(35) million before tax) and gains at December 31, 2016 of $16 million ($25 million before tax) associated with our 2.5% Notes. The 2.5% Notes are Euro-denominated debt designated as hedges of certain of our Euro-denominated net assets. See Note 5 – Debt for more information. The remaining balance in currency translation adjustments excludes income taxes as a result of our current intention to indefinitely reinvest the earnings of our international subsidiaries outside of the United States.