STOCKHOLDERS' EQUITY

6 Months Ended

Dec. 31, 2015

STOCKHOLDERS' EQUITY

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 December 31,				Six Months Ended December 31,
		2015		2014		2015		2014
Shares of common stock repurchased		66		43		155		86
Value of common stock repurchased	$	3,600	$	2,000	$	7,600	$	4,000

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 December 31, 2015, $14.3 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	$	2,853		March 10, 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

The dividend declared on December 2, 2015 was included in other current liabilities as of December 31, 2015.