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Stockholders' Equity
3 Months Ended
Dec. 31, 2013
Stockholders' Equity Note [Abstract]  
Stockholders' Equity
Note 7—Stockholders' Equity
The number of shares of each class and the number of shares of class A common stock on an as-converted basis at December 31, 2013, are as follows:
(in millions, except conversion rate)
Shares Outstanding
 
Conversion Rate
Into Class A
Common Stock
 
As-converted Class A Common
Stock(1)
Class A common stock
505

 

 
505

Class B common stock
245

 
0.4206

 
103

Class C common stock
26

 
1.0000

 
26

Total
 
 
 
 
634

(1)  
Figures in the table may not recalculate exactly due to rounding. As-converted class A common stock is calculated based on whole numbers, not the rounded numbers presented.
Reduction in as-converted class A common stock. The following table presents share repurchases in the open market.
(in millions, except per share data)
 
Three Months Ended December 31, 2013
Shares repurchased in the open market (1)
 
5

Weighted-average repurchase price per share
 
$
199.56

Total cost
 
$
1,091

(1)  
All shares repurchased in the open market have been retired and constitute authorized but unissued shares.
In October 2013, the Company’s board of directors authorized a new $5.0 billion share repurchase program. As of December 31, 2013, the program had remaining authorized funds of $4.2 billion. All share repurchase programs authorized prior to October 2013 have been completed.
Dividends. In January 2014, the Company’s board of directors declared a quarterly cash dividend of $0.40 per share of class A common stock (determined in the case of class B and class C common stock on an as-converted basis), which will be paid on March 4, 2014, to all holders of record of the Company's class A, B and C common stock as of February 14, 2014. The Company declared and paid $254 million in dividends during the three months ended December 31, 2013.