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Share Repurchase Transactions and Other Comprehensive Loss
 9 Months Ended
Sep. 30, 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. 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. 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, and we made no repurchases during the quarters ended June 30, 2020 or September 30, 2020. At September 30, 2020, we had $2.800 billion of repurchase authorization available under the January 2019 and 2020 authorizations.
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 gains on
available-for-sale
securities, net of $3 of income taxes
  
 
10
 
  
 
 
 
 
10
 
Foreign currency translation adjustments, net of $3 income tax benefit
  
  
 
(36
) 
 
 
 
 
(36
) 
Change in fair value of derivative instruments, net of $15 income tax benefit
  
  
 
 
 
(51
) 
 
 
(51
) 
Expense reclassified into operations from other comprehensive income, net of $2 and $3 income tax benefits, respectively
  
  
 
 
10
 
 
 
12
 
 
 
22
 
  
 
 
     
 
 
    
 
 
    
 
 
    
 
 
  
Balances at September 30, 2020
  
$
24
 
  
$
(319
) 
 
$
(177
) 
 
$
(43
) 
 
$
(515
)