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Stockholders' Equity
3 Months Ended
Sep. 30, 2013
Stockholders' Equity

NOTE 14 — 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 September 30,

     2013        2012   

Shares of common stock repurchased

     47        33   

Value of common stock repurchased

   $   1,500      $   1,000   


Excluded from this table are shares repurchased to settle statutory employee tax withholding related to the vesting of stock awards. We repurchased all shares with cash resources. On September 16, 2013, our Board of Directors approved a $40.0 billion share repurchase program, which replaced the share repurchase program that expired September 30, 2013. 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.

Dividends

Our Board of Directors declared the following dividends during the periods presented:

 

Declaration Date   

Dividend

Per Share

    Record Date      Total Amount     Payment Date  


                  (in millions)        

September 16, 2013

   $   0.28        November 21, 2013       $   2,337        December 12, 2013   

September 18, 2012

   $   0.23        November 15, 2012       $   1,933        December 13, 2012   


The dividend declared on September 16, 2013 was included in other current liabilities as of September 30, 2013.