v3.21.2
STOCKHOLDERS' EQUITY
3 Months Ended
Sep. 30, 2021
Equity [Abstract]  
STOCKHOLDERS' EQUITY

NOTE 15  STOCKHOLDERS’ EQUITY

Share Repurchases

On September 18, 2019, our Board of Directors approved a share repurchase program authorizing up to $40.0 billion in share repurchases. This share repurchase program commenced in February 2020, has no expiration date, and may be terminated at any time. As of September 30, 2021, $2.5 billion remained of this $40.0 billion share repurchase program.

On September 14, 2021, our Board of Directors approved a share repurchase program authorizing up to $60.0 billion in share repurchases. This share repurchase program will commence following completion of the program approved on September 18, 2019, has no expiration date, and may be terminated at any time.

We repurchased the following shares of common stock under the share repurchase programs:

 

(In millions)

 

Shares

 

Amount

 

 

Shares

 

Amount

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year

 

 

 

 

2022

 

 

 

 

 

2021

 

 

 

 

 

 

First Quarter

 

 

21

 

 

$

6,200

 

 

 

25

 

 

$

5,270

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The above table excludes shares repurchased to settle employee tax withholding related to the vesting of stock awards of $1.5 billion for the first quarter of both fiscal years 2022 and 2021, respectively. All repurchases were made using cash resources.

Dividends

Our Board of Directors declared the following dividends:

 

Declaration Date

 

 

Record Date

 

 

 

Payment Date

 

 

 

Dividend

Per Share

 

 

 

Amount

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 14, 2021

 

 

November 18, 2021

 

 

 

December 9, 2021

 

 

$

0.62

 

 

$

4,656

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 15, 2020

 

 

November 19, 2020

 

 

 

December 10, 2020

 

 

$

0.56

 

 

$

4,230

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The dividend declared on September 14, 2021 was included in other current liabilities as of September 30, 2021.