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Share Repurchase Transactions and Other Comprehensive Loss
 3 Months Ended
Mar. 31, 2020
Federal Home Loan Banks [Abstract]  
Share Repurchases Transactions and Other Comprehensive Loss
NOTE 10 — SHARE REPURCHASE TRANSACTIONS AND OTHER COMPREHENSIVE LOSS
During January 2020 and 2019, our Board of Directors authorized share repurchase programs for up to $4 billion ($2 billion for each authorization) of our outstanding common stock. During the quarter ended March 31, 2020, we repurchased 3.287 million shares of our common stock at an average price of $134.18 per share through market purchases pursuant to the $2.0 billion share repurchase program authorized during January 2019. At March 31, 2020, we had $2.800 billion of repurchase authorization available under the January 2019 and 2020 authorizations.
In response to the risks the
COVID-19
pandemic presents to our business, during March 2020, we announced the suspension of our share repurchase programs and expect to evaluate the resumption of the programs at a future date.
The components of accumulated other comprehensive loss are as follows (dollars in millions):
 
Unrealized
Gains on
Available-
for-Sale

Securities
 
  
Foreign
Currency
Translation
Adjustments
 
  
Defined
Benefit
Plans
 
  
Change
in Fair
Value of
Derivative
Instruments
 
  
Total
 
Balances at December 31, 2019
  $
14
     $
(283
 )   $
(187
 )   $
(4
 )   $
(460
 )
Unrealized losses on
available-for-sale
securities, net of $1 income tax benefit
    
(4
 )    
     
     
     
(4
 )
Foreign currency translation adjustments, net of $9 income tax benefit
   
     
(64
 )    
     
     
(64
 )
Change in fair value of derivative instruments, net of $14 income tax benefit
   
     
     
     
(46
 )    
(46
 )
Expense (income) reclassified into operations from other comprehensive income, net of $1 income tax benefit and $1 of income taxes, respectively
   
     
     
3
      
—
     
3
  
                                         
Balances at March 31, 2020
  $
10
     $
(347
 )   $
(184
 )   $
(50
 )   $
(571
 )