NOTE 17 — STOCKHOLDERS’ EQUITY

Share Repurchases

On September 16, 2013, our Board of Directors approved a share repurchase program authorizing up to $40.0 billion in share repurchases. This share repurchase program became effective on October 1, 2013, and was completed on December 22, 2016.

On September 20, 2016, our Board of Directors approved a share repurchase program authorizing up to an additional $40.0 billion in share repurchases. This share repurchase program commenced on December 22, 2016 following completion of the prior program approved on September 16, 2013, has no expiration date, and may be suspended or discontinued at any time without notice. As of March 31, 2018, $30.3 billion remained of this $40.0 billion share repurchase program.

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

(In millions)	Shares		Amount			Shares		Amount


Fiscal Year				2018					2017

First Quarter		22		$	1,600		63		$	3,550
Second Quarter		22			1,800		59			3,533
Third Quarter		34			3,100		25			1,600


Total		78		$	6,500		147		$	8,683

Shares repurchased beginning in the third quarter of fiscal year 2017 were under the share repurchase program approved September 20, 2016. Shares repurchased during the first and second quarter of fiscal year 2017 were under the share repurchase program approved September 16, 2013. The above table excludes shares repurchased to settle employee tax withholding related to the vesting of stock awards. All repurchases were made using cash resources.

Dividends

Our Board of Directors declared the following dividends:

Declaration Date

Dividend

Per Share

Record Date

Amount

Payment Date

Fiscal Year 2018

(in millions)

September 19, 2017

0.42

November 16, 2017

3,238

December 14, 2017

November 29, 2017

0.42

February 15, 2018

3,232

March 8, 2018

March 12, 2018

0.42

May 17, 2018

3,230

June 14, 2018


Fiscal Year 2017

September 20, 2016	$	0.39	November 17, 2016	$	3,024	December 8, 2016
November 30, 2016		0.39	February 16, 2017		3,012	March 9, 2017
March 14, 2017		0.39	May 18, 2017		3,009	June 8, 2017

The dividend declared on March 12, 2018 was included in other current liabilities as of March 31, 2018.