As of December 29, 2018, and December 30, 2017, there were 1,000,000 shares of $0.01 par value preferred stock authorized; no shares were issued and outstanding.

In May 2016, the Company’s Board of Directors authorized a stock repurchase program of up to $100 million of its outstanding common stock. In July 2016, the Board of Directors authorized increasing the current common stock repurchase program from $100 million to $250 million. The stock repurchase authorization permits the Company to repurchase stock from time-to-time through a combination of open market repurchases, privately negotiated transactions, 10b5-1 trading plans, accelerated stock repurchase transactions and/or other derivative transactions. The current authorization expired on December 31, 2018. In November 2018, the Board of Directors approved a new stock repurchase program of up to $100 million of its common stock effective January 1, 2019, which extends until the end of 2020 and may be suspended or discontinued at any time. The exact timing of share repurchases will depend on market conditions and other factors, and will be funded through available cash balances.

Under the stock repurchase program, the Company purchased approximately 14 million shares at a cost of $39 million in 2018. On December 31, 2018, the current stock repurchase authorization expired. The Board of Directors authorized $100 million for additional purchases under the new stock repurchase program effective January 1, 2019.

At December 29, 2018, there were 70 million common shares held in treasury. The Company’s Term loan and Amended Credit Facility includes certain covenants on restricted payments which include common stock repurchases, based on the Company’s liquidity and borrowing availability. The Company’s ability to repurchase its common stock in 2019 is subject to certain restrictions under the Term Loan Credit Agreement. Refer to Note 11 for additional information about the Term Loan Credit Agreement.

Accumulated other comprehensive loss activity, net of tax, where applicable, is provided in the following tables:

(In millions)	Foreign Currency Translation Adjustments			Change in Deferred Pension and Other			Total
Balance at December 30, 2017	$	(43	)	$	(35	)	$	(78	)
Other comprehensive loss activity before reclassifications		(36	)		(23	)		(59	)
Reclassification of foreign currency translation adjustments realized upon disposal of business ^(a)		29			—			29
Tax impact		—			9			9
Total other comprehensive loss, net of tax, where applicable		(7	)		(14	)		(21	)
Balance at December 29, 2018	$	(50	)	$	(49	)	$	(99	)

^(a)	Relates to the disposition of the Company’s businesses in Australia and New Zealand in 2018.

(In millions)	Foreign Currency Translation Adjustments			Change in Deferred Pension and Other			Total
Balance at December 31, 2016	$	(67	)	$	(62	)	$	(129	)
Other comprehensive income activity before reclassifications		25			42			67
Reclassification of foreign currency translation adjustments realized upon disposal of business		(1	)		—			(1	)
Tax impact		—			(15	)		(15	)
Total other comprehensive income, net of tax, where applicable		24			27			51
Balance at December 30, 2017	$	(43	)	$	(35	)	$	(78	)