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Equity and Comprehensive Income
 3 Months Ended
Nov. 20, 2016
Equity [Abstract]  
Equity and Comprehensive Income
Note 5—Equity and Comprehensive Income
Dividends
The Company’s current quarterly dividend rate is $0.45 per share, compared to $0.40 per share in the first quarter of 2016. On October 12, 2016, the Board of Directors declared a quarterly cash dividend in the amount of $0.45 per share, which was paid on November 18, 2016.
Stock Repurchase Programs
Stock repurchase activity during the first quarter of 2017 and 2016 is summarized below:
 
Shares Repurchased (000's)
 
Average Price per Share
 
Total Cost
First quarter of 2017
809

 
$
151.00

 
$
122

First quarter of 2016
898

 
$
144.88

 
$
130


The remaining amount available for stock repurchases under our approved plan, which expires in April 2019, was $3,100 at November 20, 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 28, 2016
$
12,079

 
$
253

 
$
12,332

Comprehensive income:
 
 
 
 
 
Net income
545

 
10

 
555

Foreign-currency translation adjustment and other, net
(340
)
 
(5
)
 
(345
)
Comprehensive income
205

 
5

 
210

Stock-based compensation
211

 
0

 
211

Release of vested restricted stock units (RSUs), including tax effects
(162
)
 
0

 
(162
)
Repurchases of common stock
(122
)
 
0

 
(122
)
Cash dividends declared and other
(238
)
 
0

 
(238
)
Equity at November 20, 2016
$
11,973

 
$
258

 
$
12,231

 
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 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