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Equity and Comprehensive Income
 3 Months Ended
Nov. 22, 2015
Equity [Abstract]  
Equity and Comprehensive Income
Note 5—Equity and Comprehensive Income
Dividends
The Company’s current quarterly dividend rate is $0.40 per share, compared to $0.355 per share in the first quarter of 2015. On October 29, 2015, the Board of Directors declared a quarterly cash dividend in the amount of $0.40 per share, which was paid on November 27, 2015.
Stock Repurchase Programs
The Company's stock repurchase activity during the first quarter of 2016 and 2015 is summarized below:
 
Shares Repurchased (000's)
 
Average Price per Share
 
Total Cost
First quarter of 2016
898

 
$
144.88

 
$
130

First quarter of 2015
139

 
$
126.43

 
$
18


The remaining amount available for stock repurchases under our approved plan, which expires in April 2019, was $3,569 at November 22, 2015. These amounts may differ from the stock repurchase balances in the accompanying condensed consolidated statements of cash flows due to changes in unsettled stock repurchases at the end of a quarter. Purchases are made from time-to-time, as conditions warrant, in the open market or in block purchases, and pursuant to plans under SEC Rule 10b5-1.
Components of Equity and Comprehensive Income
The following tables show the changes in equity attributable to Costco and the noncontrolling interests of consolidated subsidiaries:
 
Attributable to Costco
 
Noncontrolling
Interests
 
Total
Equity
Equity at August 30, 2015
$
10,617

 
$
226

 
$
10,843

Comprehensive income:
 
 
 
 
 
Net income
480

 
7

 
487

Foreign-currency translation adjustment and other, net
16

 
(1
)
 
15

Comprehensive income
496

 
6

 
502

Stock-based compensation
186

 
0

 
186

Release of vested restricted stock units (RSUs), including tax effects
(145
)
 
0

 
(145
)
Repurchases of common stock
(130
)
 
0

 
(130
)
Cash dividends declared
(176
)
 
0

 
(176
)
Equity at November 22, 2015
$
10,848

 
$
232

 
$
11,080

 
Attributable to Costco
 
Noncontrolling
Interests
 
Total
Equity
Equity at August 31, 2014
$
12,303

 
$
212

 
$
12,515

Comprehensive income:
 
 
 
 
 
Net income
496

 
9

 
505

Foreign-currency translation adjustment and other, net
(312
)
 
(10
)
 
(322
)
Comprehensive income
184

 
(1
)
 
183

Stock-based compensation
150

 
0

 
150

Stock options exercised, including tax effects
17

 
0

 
17

Release of vested RSUs, including tax effects
(121
)
 
0

 
(121
)
Repurchases of common stock
(18
)
 
0

 
(18
)
Cash dividends declared
(156
)
 
0

 
(156
)
Equity at November 23, 2014
$
12,359

 
$
211

 
$
12,570