Stockholders' Equity

3 Months Ended

Jun. 30, 2018

NOTE 9 – STOCKHOLDERS’ EQUITY

Stock Repurchases: On November 13, 2015, the Board approved a stock repurchase program that authorized the Company to acquire up to $750 million of its common stock. During the three months ended June 30, 2018, the Company repurchased approximately 2.3 million shares of its common stock for approximately $80 million. At June 30, 2018, the Company remained authorized to purchase approximately $407 million of its common stock under its current stock repurchase program. Pursuant to the terms of the Merger Agreement (as defined in Note 15, “Subsequent Events,” below) with Broadcom, the Company may not continue to repurchase shares without Broadcom’s consent.

Accumulated Other Comprehensive Loss: Foreign currency translation losses included in “Accumulated other comprehensive loss” in the Company’s Condensed Consolidated Balance Sheets at June 30, 2018 and March 31, 2018 were approximately $440 million and $290 million, respectively.

Cash Dividends: The Board declared the following dividends during the three months ended June 30, 2018 and 2017:

Three Months Ended June 30, 2018:

(in millions, except per share amounts)



Declaration Date	Dividend Per Share	Record Date	Total Amount	Payment Date
May 2, 2018	$0.255	May 17, 2018	$107	June 5, 2018

Three Months Ended June 30, 2017:

(in millions, except per share amounts)



Declaration Date	Dividend Per Share	Record Date	Total Amount	Payment Date
May 9, 2017	$0.255	May 25, 2017	$107	June 13, 2017