Equity and Comprehensive Income

6 Months Ended

Feb. 14, 2016

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 second quarter of 2015. On January 29, 2016, the Board of Directors declared a quarterly cash dividend in the amount of $0.40 per share, which was paid subsequent to the end of the second quarter on February 26, 2016.

Stock Repurchase Programs

Stock repurchase activity during the second quarter and first half of 2016 and 2015 is summarized below:

	Shares Repurchased (000's)	Average Price per Share		Total Cost
Second quarter of 2016	531	$	150.02	$	80
First half of 2016	1,429	$	146.79	$	210
Second quarter of 2015	642	$	143.21	$	92
First half of 2015	781	$	140.23	$	110

The remaining amount available for stock repurchases under our approved plan, which expires in April 2019, was $3,489 at February 14, 2016. 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	1,026			16			1,042
Foreign-currency translation adjustment and other, net	(223		)	(6		)	(229		)
Comprehensive income	803			10			813
Stock-based compensation	287			0			287
Release of vested restricted stock units (RSUs), including tax effects	(145		)	0			(145		)
Repurchases of common stock	(210		)	0			(210		)
Cash dividends declared	(352		)	0			(352		)
Distribution to noncontrolling interest	0			(2		)	(2		)
Equity at February 14, 2016	$	11,000		$	234		$	11,234

	Attributable to Costco			Noncontrolling Interests			Total Equity
Equity at August 31, 2014	$	12,303		$	212		$	12,515
Comprehensive income:
Net income	1,094			18			1,112
Foreign-currency translation adjustment and other, net	(721		)	(11		)	(732		)
Comprehensive income	373			7			380
Stock-based compensation	236			0			236
Stock options exercised, including tax effects	39			0			39
Release of vested RSUs, including tax effects	(121		)	0			(121		)
Repurchases of common stock	(110		)	0			(110		)
Cash dividends declared	(2,514		)	0			(2,514		)
Equity at February 15, 2015	$	10,206		$	219		$	10,425