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Shareholders' Equity
 12 Months Ended
Nov. 30, 2019
Equity [Abstract]  
Shareholders' Equity Shareholders’ Equity

Under a share repurchase program effective 2004, we are authorized to repurchase Carnival Corporation common stock and Carnival plc ordinary shares (the “Repurchase Program”). Effective August 27, 2018, the company approved modifications of the general authorization under the Repurchase Program, which replenished the remaining authorized repurchases at the time of the approvals to $1.0 billion. The Repurchase Program does not have an expiration date and may be discontinued by our Boards of Directors at any time.
 
Carnival Corporation
 
Carnival plc
(in millions)
Number of Shares Repurchased
 
Dollar Amount Paid for Shares Repurchased
 
Number of Shares Repurchased
 
Dollar Amount Paid for Shares Repurchased
2019
0.6

 
$
26

 
12.2

 
$
569

2018
7.8

 
$
476

 
16.3

 
$
985

2017
3.3

 
$
223

 
5.6

 
$
335



 
AOCI
 
November 30,
(in millions)
2019
 
2018
Cumulative foreign currency translation adjustments, net
$
(1,961
)
 
$
(1,875
)
Unrecognized pension expenses
(88
)
 
(56
)
Net losses on cash flow derivative hedges
(18
)
 
(19
)
 
$
(2,066
)
 
$
(1,949
)


During 2019, 2018 and 2017, there were $5 million, $5 million and $18 million of unrecognized pension expenses that were reclassified out of accumulated other comprehensive loss and were included within payroll and related expenses and selling and administrative expenses.

We declared quarterly cash dividends on all of our common stock and ordinary shares as follows:
 
Quarters Ended
(in millions, except per share data)
February 28
 
May 31
 
August 31
 
November 30
2019
 
 
 
 
 
 
 
Dividends declared per share
$
0.50

 
$
0.50

 
$
0.50

 
$
0.50

Dividends declared
$
345

 
$
346

 
$
342

 
$
346

 
 
 
 
 
 
 
 
2018
 
 
 
 
 
 
 
Dividends declared per share
$
0.45

 
$
0.50

 
$
0.50

 
$
0.50

Dividends declared
$
322

 
$
357

 
$
350

 
$
349

 
 
 
 
 
 
 
 
2017
 
 
 
 
 
 
 
Dividends declared per share
$
0.35

 
$
0.40

 
$
0.40

 
$
0.45

Dividends declared
$
251

 
$
291

 
$
289

 
$
324



Carnival Corporation’s Articles of Incorporation authorize its Board of Directors, at its discretion, to issue up to 40 million shares of preferred stock. At November 30, 2019 and 2018, no Carnival Corporation preferred stock or Carnival plc preference shares had been issued.