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STOCKHOLDERS' EQUITY
3 Months Ended
Sep. 30, 2015
STOCKHOLDERS' EQUITY

NOTE 16 â€” 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,    2015     2014  

Shares of common stock repurchased

     89        43   

Value of common stock repurchased

   $   4,000      $   2,000   


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 September 30, 2015, $17.9 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 during the periods presented:

 

Declaration Date   

Dividend

Per Share

    Record Date      Total Amount     Payment Date  


                  (in millions)        

September 15, 2015

   $   0.36        November 19, 2015       $   2,875        December 10, 2015   

September 16, 2014

   $ 0.31        November 20, 2014       $ 2,547        December 11, 2014   


The dividend declared on September 15, 2015 was included in other current liabilities as of September 30, 2015.