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STOCKHOLDERS' EQUITY
 3 Months Ended
Sep. 30, 2016
STOCKHOLDERS' EQUITY

NOTE 15 — STOCKHOLDERS’ EQUITY

Share Repurchases

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, 2016, $3.5 billion remained of our $40.0 billion share repurchase program. All repurchases were made using cash resources.

On September 20, 2016, our Board of Directors approved a share repurchase program authorizing an additional $40.0 billion in share repurchases. This share repurchase program will commence following completion of the program approved on September 16, 2013, has no expiration, and may be suspended or discontinued at any time without notice.

We repurchased the following shares of common stock through our share repurchase program approved on September 16, 2013:

 

(In millions)             
Three Months Ended September 30,    2016     2015  

Shares of common stock repurchased

      63        89   

Value of common stock repurchased

    $   3,550      $   4,000   

The above table excludes shares repurchased to settle statutory employee tax withholding related to the vesting of stock awards.

 

Dividends

Our Board of Directors declared the following dividends:

 

Declaration Date   

Dividend

Per Share

     Record Date      Total Amount     Payment Date  
                  (in millions)        

September 20, 2016

    $   0.39        November 17, 2016       $   3,036        December 8, 2016   

September 15, 2015

    $ 0.36        November 19, 2015       $ 2,868        December 10, 2015   

The dividend declared on September 20, 2016 was included in other current liabilities as of September 30, 2016.