STOCKHOLDERS' EQUITY

9 Months Ended

Mar. 31, 2024

Equity [Abstract]

STOCKHOLDERS' EQUITY

NOTE 15 — STOCKHOLDERS’ EQUITY

Share Repurchases

On September 14, 2021, our Board of Directors approved a share repurchase program authorizing up to $60.0 billion in share repurchases. This share repurchase program commenced in November 2021, has no expiration date, and may be terminated at any time. As of March 31, 2024, $13.1 billion remained of this $60.0 billion share repurchase program.

We repurchased the following shares of common stock under the share repurchase program:

(In millions)	Shares		Amount			Shares		Amount
Fiscal Year				2024					2023
First Quarter		11		$	3,560		17		$	4,600
Second Quarter		7			2,800		20			4,600
Third Quarter		7			2,800		18			4,600
Total		25		$	9,160		55		$	13,800

All repurchases were made using cash resources. All shares repurchased were under the share repurchase program approved on September 14, 2021. The above table excludes shares repurchased to settle employee tax withholding related to the vesting of stock awards of $1.4 billion and $3.9 billion for the three and nine months ended March 31, 2024, respectively, and $909 million and $2.7 billion for the three and nine months ended March 31, 2023, respectively.

Dividends

Our Board of Directors declared the following dividends:

Declaration Date	Record Date	Payment Date		Dividend Per Share		Amount
Fiscal Year 2024						(In millions)
September 19, 2023	November 16, 2023	December 14, 2023	$	0.75	$	5,574
November 28, 2023	February 15, 2024	March 14, 2024		0.75		5,573
March 12, 2024	May 16, 2024	June 13, 2024		0.75		5,574
Total			$	2.25	$	16,721
Fiscal Year 2023
September 20, 2022	November 17, 2022	December 8, 2022	$	0.68	$	5,066
November 29, 2022	February 16, 2023	March 9, 2023		0.68		5,059
March 14, 2023	May 18, 2023	June 8, 2023		0.68		5,054
Total			$	2.04	$	15,179

The dividend declared on March 12, 2024 was included in other current liabilities as of March 31, 2024.