NOTE 16 — STOCKHOLDERS’ EQUITY

Share Repurchases

We repurchased the following shares of common stock through our share repurchase program during the periods presented:

 

(In millions)		Three Months Ended March 31,								Nine Months Ended March 31,
			2016				2015				2016				2015
Shares of common stock repurchased			69				116				224				202
Value of common stock repurchased		$	3,600			$	5,000			$	11,200			$	9,000

The above table excludes shares repurchased to settle statutory employee tax withholding related to the vesting of stock awards. On September 16, 2013, our Board of Directors approved a share repurchase program authorizing up to $40.0 billion in share repurchases. The share repurchase program became effective on October 1, 2013, has no expiration date, and may be suspended or discontinued at any time without notice. As of March 31, 2016, $10.7 billion remained of our $40.0 billion share repurchase program. All repurchases were made using cash resources.

 

Dividends

Our Board of Directors declared the following dividends:

 

Declaration Date		Dividend Per Share				Record Date				Total Amount				Payment Date
										(in millions)
Fiscal Year 2016
September 15, 2015		$	0.36				November 19, 2015			$	2,868				December 10, 2015
December 2, 2015		$	0.36				February 18, 2016			$	2,842				March 10, 2016
March 15, 2016		$	0.36				May 19, 2016			$	2,833				June 9, 2016
Declaration Date		Dividend Per Share				Record Date				Total Amount				Payment Date
										(in millions)
Fiscal Year 2015
September 16, 2014		$	0.31				November 20, 2014			$	2,547				December 11, 2014
December 3, 2014		$	0.31				February 19, 2015			$	2,532				March 12, 2015
March 10, 2015		$	0.31				May 21, 2015			$	2,515				June 11, 2015

The dividend declared on March 15, 2016 was included in other current liabilities as of March 31, 2016.