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STOCKHOLDERS' EQUITY (Tables)
12 Months Ended
Jun. 30, 2014
Shares of Common Stock Outstanding

Shares of common stock outstanding were as follows:

 

(In millions)                   


Year Ended June 30,    2014     2013     2012  

Balance, beginning of year

     8,328        8,381        8,376   

Issued

     86        105        147   

Repurchased

     (175     (158     (142


 


 


Balance, end of year

     8,239        8,328        8,381   
    


 


 


Share Repurchases

We repurchased the following shares of common stock under the above-described repurchase plans:

 

(In millions)    Shares     Amount     Shares     Amount     Shares     Amount  


Year Ended June 30,    2014 (a)     2013 (b)     2012 (b)  

First quarter

     47      $ 1,500        33      $ 1,000        38      $ 1,000   

Second quarter

     53        2,000        58        1,607        39        1,000   

Third quarter

     47        1,791        36        1,000        31        1,000   

Fourth quarter

     28        1,118        31        1,000        34        1,000   


 


 


 


 


 


Total

     175      $   6,409        158      $   4,607        142      $   4,000   
    


 


 


 


 


 


 

(a)

Of the 175 million shares repurchased in fiscal year 2014, 128 million shares were repurchased for $4.9 billion under the share repurchase program approved by our Board of Directors on September 16, 2013 and 47 million shares were repurchased for $1.5 billion under the share repurchase program that was announced on September 22, 2008 and expired on September 30, 2013.

(b)

All shares repurchased in fiscal years 2013 and 2012 were repurchased under the repurchase plan that was announced on September 22, 2008 and expired on September 30, 2013.

Dividends Declared

In fiscal year 2014, our Board of Directors declared the following dividends:

 

Declaration Date   

Dividend

Per Share

    Record Date     Total Amount     Payment Date  


                 (In millions)        

September 16, 2013

     $  0.28        November 21, 2013        $  2,332        December 12, 2013   

November 19, 2013

     $  0.28        February 20, 2014        $  2,322        March 13, 2014   

March 11, 2014

     $  0.28        May 15, 2014        $  2,309        June 12, 2014   

June 10, 2014

     $  0.28        August 21, 2014        $  2,307        September 11, 2014   


In fiscal year 2013, our Board of Directors declared the following dividends:

 

Declaration Date   

Dividend

Per Share

    Record Date     Total Amount     Payment Date  


                 (In millions)        

September 18, 2012

   $   0.23        November 15, 2012      $   1,933        December 13, 2012   

November 28, 2012

   $   0.23        February 21, 2013      $   1,925        March 14, 2013   

March 11, 2013

   $   0.23        May 16, 2013      $   1,921        June 13, 2013   

June 12, 2013

   $   0.23        August 15, 2013      $   1,916        September 12, 2013