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Stockholders' Equity
3 Months Ended
Mar. 31, 2020
Stockholders' Equity Note [Abstract]  
Stockholders' Equity
8) STOCKHOLDERS’ EQUITY
During the first quarter of 2020, we declared a quarterly cash dividend of $.24 per share on our Class A and Class B Common Stock, resulting in total dividends of $150 million, which were paid on April 1, 2020.
During the first quarter of 2020, we repurchased 1.3 million shares of ViacomCBS Class B Common Stock under our share repurchase program for $50 million, at an average cost of $38.63 per share. At March 31, 2020, $2.36 billion of authorization remained under the share repurchase program.
Accumulated Other Comprehensive Income (Loss)
The following tables summarize the changes in the components of accumulated other comprehensive loss.
 
Cumulative
Translation
Adjustments
 
Net Actuarial
Loss and Prior
Service Cost
 
Accumulated
Other
Comprehensive Loss
At December 31, 2019
 
$
(463
)
 
 
 
$
(1,507
)
 
 
 
$
(1,970
)
 
Other comprehensive loss before reclassifications
 
(101
)
 
 
 

 
 
 
(101
)
 
Reclassifications to net earnings
 

 
 
 
17

(a) 
 
 
17

 
Other comprehensive income (loss)
 
(101
)
 
 
 
17

 
 
 
(84
)
 
At March 31, 2020
 
$
(564
)
 
 
 
$
(1,490
)
 
 
 
$
(2,054
)
 

 
Cumulative
Translation
Adjustments
 
Net Actuarial
Loss and Prior
Service Cost
 
Accumulated
Other
Comprehensive Loss
At December 31, 2018
 
$
(476
)
 
 
 
$
(1,132
)
 
 
 
$
(1,608
)
 
Other comprehensive income before reclassifications
 
13

 
 
 

 
 
 
13

 
Reclassifications to net earnings
 

 
 
 
14

(a) 
 
 
14

 
Other comprehensive income
 
13

 
 
 
14

 
 
 
27

 
Tax effects reclassified to retained earnings
 

 
 
 
(230
)
(b) 
 
 
(230
)
 
At March 31, 2019
 
$
(463
)
 
 
 
$
(1,348
)
 
 
 
$
(1,811
)
 
(a)
Reflects amortization of net actuarial losses (see Note 11). Amounts are net of tax benefits of $5 million for each of the three months ended March 31, 2020 and 2019.
(b)
Reflects the reclassification of certain income tax effects of the Tax Reform Act on items within accumulated other comprehensive loss to retained earnings upon the adoption of FASB guidance.