Shareholders' Equity

9 Months Ended

Mar. 31, 2021

10. Shareholders' Equity

During the three and nine months ended March 31, 2021, we repurchased 3.7 million common shares having an aggregate cost of $200 million. The average price paid per common share was $54.40. These repurchases were made under an accelerated share repurchase ("ASR") program, which began on February 9, 2021 and was completed on March 31, 2021.

During the nine months ended March 31, 2020, we repurchased 7.3 million common shares having an aggregate cost of $350 million. The average price paid per common share was $48.00. These repurchases were made under an ASR program, which began on August 20, 2019 and was completed on December 4, 2019.

We funded the repurchases with available cash and short-term borrowings. The common shares repurchased are held in treasury to be used for general corporate purposes.

Accumulated Other Comprehensive Loss

The following table summarizes the changes in the balance of accumulated other comprehensive loss by component and in total:


(in millions)	Foreign Currency Translation Adjustments		Unrealized Gain/(Loss) on Derivatives, net of tax		Accumulated Other Comprehensive Loss
Balance at June 30, 2020	$	(92)	$	(12)	$	(104)
Other comprehensive income, before reclassifications	42		11		53
Amounts reclassified to earnings	—		3		3
Total other comprehensive income attributable to Cardinal Health, Inc. net of tax	42		14		56
Balance at March 31, 2021	$	(50)	$	2	$	(48)