Stockholders' Equity

12 Months Ended

Sep. 02, 2012

Stockholders' Equity

Note 6—Stockholders’ Equity

Dividends

The Company’s current quarterly dividend rate is $0.275 per share.

Stock Repurchase Programs

The Company’s stock repurchase program is conducted under a $4,000 authorization by the Board of Directors approved in April 2011, which expires in April 2015. As of the end of 2012, the total amount repurchased under this plan was $911. The following table summarizes the Company’s stock repurchase activity:

	Shares Repurchased (000’s)		Average Price per Share		Total Cost
2012		7,272	$	84.75	$	617
2011		8,939		71.74		641
2010		9,943		57.14		568

These amounts differ from the stock repurchase balances in the accompanying consolidated statements of cash flows due to changes in unsettled stock repurchases at the end of each fiscal year.

Accumulated Other Comprehensive Income

Accumulated other comprehensive income, net of tax where applicable, was $156 and $373 at the end of 2012 and 2011, respectively, and was comprised primarily of unrealized foreign-currency translation adjustments. In 2012, as part of the acquisition of the noncontrolling interest in Mexico, the Company reclassified $155 of accumulated unrealized losses on foreign-currency translation adjustments to Costco’s accumulated other comprehensive income. This balance was previously included as a component of non-controlling interest.