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Shareholders' Equity
6 Months Ended
Jun. 30, 2019
Equity [Abstract]  
Shareholders' Equity SHAREHOLDERS EQUITY
Share Repurchases. Our board of directors from time to time authorizes management’s repurchase of outstanding shares of our common stock on the open market. On December 5, 2018, the board of directors authorized management to repurchase up to 10 million additional shares of the company’s outstanding stock. In the six-month period ended June 30, 2019, we repurchased 1.1 million of our outstanding shares for $184. On June 30, 2019, 6.4 million shares remained authorized by our board of directors for repurchase, approximately 2% of our total shares outstanding. We repurchased 2.1 million shares for $436 in the six-month period ended July 1, 2018.
Dividends per Share. Our board of directors declared dividends of $1.02 and $2.04 per share for the three- and six-month periods ended June 30, 2019, and $0.93 and $1.86 per share for the three- and six-month periods ended July 1, 2018, respectively. We paid cash dividends of $295 and $563 for the three- and six-month periods ended June 30, 2019, and $276 and $526 for the three- and six-month periods ended July 1, 2018, respectively.
Accumulated Other Comprehensive Loss. The changes, pretax and net of tax, in each component of accumulated other comprehensive loss (AOCL) consisted of the following:
 
Losses on Cash Flow Hedges
Unrealized Gains on Marketable Securities
Foreign Currency Translation Adjustments
Changes in Retirement Plans’ Funded Status
AOCL
December 31, 2018
$
(71
)
$

$
102

$
(3,809
)
$
(3,778
)
Other comprehensive income, pretax
68


156

122

346

Provision for income tax, net
(16
)


(28
)
(44
)
Other comprehensive income, net of tax
52


156

94

302

June 30, 2019
$
(19
)
$

$
258

$
(3,715
)
$
(3,476
)

December 31, 2017
$
(94
)
$
19

$
402

$
(3,147
)
$
(2,820
)
Cumulative-effect adjustments*
(4
)
(19
)

(615
)
(638
)
Other comprehensive loss, pretax
(21
)

(215
)
163

(73
)
Provision for income tax, net
7



(34
)
(27
)
Other comprehensive loss, net of tax
(14
)

(215
)
129

(100
)
July 1, 2018
$
(112
)
$

$
187

$
(3,633
)
$
(3,558
)

* Reflects the cumulative effects of ASU 2016-01, Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities, and ASU 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income, which we adopted on January 1, 2018.
Current-period amounts reclassified out of AOCL related primarily to changes in our retirement plans’ funded status and consisted of pretax recognized net actuarial losses of $136 and $187 for the six-month periods ended June 30, 2019, and July 1, 2018, respectively. This was offset partially by pretax amortization of prior service credit of $11 and $24 for the six-month periods ended June 30, 2019, and July 1, 2018, respectively. These AOCL components are included in our net periodic pension and other post-retirement benefit cost. See Note O for additional details.