STOCKHOLDERS' EQUITY

9 Months Ended

Mar. 31, 2019

NOTE 15 — STOCKHOLDERS’ EQUITY

Share Repurchases

On September 20, 2016, our Board of Directors approved a share repurchase program authorizing up to $40.0 billion in share repurchases. This share repurchase program commenced on December 22, 2016, has no expiration date, and may be suspended or discontinued at any time without notice. As of March 31, 2019, $15.6 billion remained of this $40.0 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				2019					2018

First Quarter		24		$	2,600		22		$	1,600
Second Quarter		57			6,100		22			1,800
Third Quarter		36			3,899		34			3,100


Total		117		$	12,599		78		$	6,500

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	Record Date	Payment Date	Dividend Per Share		Amount


Fiscal Year 2019					(in millions)

September 18, 2018	November 15, 2018	December 13, 2018	$	0.46	$	3,544
November 28, 2018	February 21, 2019	March 14, 2019		0.46		3,526
March 11, 2019	May 16, 2019	June 13, 2019		0.46		3,526


Total			$	1.38	$	10,596


Fiscal Year 2018

September 19, 2017	November 16, 2017	December 14, 2017	$	0.42	$	3,238
November 29, 2017	February 15, 2018	March 8, 2018		0.42		3,232
March 12, 2018	May 17, 2018	June 14, 2018		0.42		3,226


Total			$	1.26	$	9,696

The dividend declared on March 11, 2019 was included in other current liabilities as of March 31, 2019.