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Stockholders' Equity (Notes)
 3 Months Ended
Mar. 31, 2020
Stockholders' Equity Note [Abstract]  
Stockholders' Equity
4. Stockholders’ Equity
 
Class P Common Stock
On July 19, 2017, our board of directors approved a $2 billion common share buy-back program that began in December 2017. During the three months ended March 31, 2020, we repurchased approximately 3.6 million of our Class P shares for approximately $50 million at an average price of approximately $13.94 per share. Since December 2017, in total, we have repurchased approximately 32 million of our Class P shares under the program at an average price of approximately $17.71 per share for approximately $575 million.

For additional information regarding our Class P common stock, see Note 11 to our consolidated financial statements included in our 2019 Form 10-K.

Common Stock Dividends

Holders of our common stock participate in common stock dividends declared by our board of directors, subject to the rights of the holders of any outstanding preferred stock. The following table provides information about our per share dividends:
 
Three Months Ended March 31,
 
2020
 
2019
Per common share cash dividend declared for the period
$
0.2625

 
$
0.25

Per common share cash dividend paid in the period
0.25

 
0.20



On April 22, 2020, our board of directors declared a cash dividend of $0.2625 per common share for the quarterly period ended March 31, 2020, which is payable on May 15, 2020 to common shareholders of record as of the close of business on May 4, 2020.

Accumulated Other Comprehensive Loss

Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Loss

Cumulative revenues, expenses, gains and losses that under GAAP are included within our comprehensive income but excluded from our earnings are reported as “Accumulated other comprehensive loss” within “Stockholders’ Equity” in our consolidated balance sheets. Changes in the components of our “Accumulated other comprehensive loss” not including non-controlling interests are summarized as follows (in millions):
 
Net unrealized
gains/(losses)
on cash flow
hedge derivatives
 
Foreign
currency
translation
adjustments
 
Pension and
other
postretirement
liability adjustments
 
Total
accumulated other
comprehensive loss
Balance as of December 31, 2019
$
(7
)
 
$
—

 
$
(326
)
 
$
(333
)
Other comprehensive gain before reclassifications
222

 
1

 
11

 
234

Loss reclassified from accumulated other comprehensive loss
37

 
—

 
—

 
37

Net current-period change in accumulated other comprehensive (loss) income
259

 
1

 
11

 
271

Balance as of March 31, 2020
$
252

 
$
1

 
$
(315
)
 
$
(62
)

 
Net unrealized
gains/(losses)
on cash flow
hedge derivatives
 
Foreign
currency
translation
adjustments
 
Pension and
other
postretirement
liability adjustments
 
Total
accumulated other
comprehensive loss
Balance as of December 31, 2018
$
164

 
$
(91
)
 
$
(403
)
 
$
(330
)
Other comprehensive (loss) gain before reclassifications
(215
)
 
16

 
8

 
(191
)
Loss reclassified from accumulated other comprehensive loss
13

 
—

 
—

 
13

Net current-period change in accumulated other comprehensive income (loss)
(202
)
 
16

 
8

 
(178
)
Balance as of March 31, 2019
$
(38
)
 
$
(75
)
 
$
(395
)
 
$
(508
)