v2.4.1.9
Equity and Comprehensive Income
 6 Months Ended
Feb. 15, 2015
Equity [Abstract]  
Equity and Comprehensive Income
Note 5—Equity and Comprehensive Income
Dividends
The Company’s current quarterly dividend rate is $0.355 per share, compared to $0.31 per share in the second quarter of 2014. On January 29, 2015, the Board of Directors declared a quarterly cash dividend in the amount of $0.355 per share and a special cash dividend of $5.00 per share, both of which were paid on February 27, 2015. The aggregate payment was approximately $2,358 and was included in other current liabilities in the accompanying condensed consolidated balance sheets at February 15, 2015.
Stock Repurchase Programs
In the second quarter and first half of 2015, the Company repurchased 642,000 and 781,000 shares, at an average price of $143.21 and $140.23, totaling $92 and $110, respectively. The remaining amount available for stock repurchases under our approved plan, which expires in April 2015, was $2,611 at February 15, 2015. There was no stock repurchase activity in the second quarter and first half of 2014. These amounts may differ from the stock repurchase balances in the 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 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 restricted stock units (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

 
Attributable to Costco
 
Noncontrolling
Interests
 
Total
Equity
Equity at September 1, 2013
$
10,833

 
$
179

 
$
11,012

Comprehensive income:
 
 
 
 
 
Net income
888

 
16

 
904

Foreign-currency translation adjustment and other, net
(35
)
 
(1
)
 
(36
)
Comprehensive income
853

 
15

 
868

Stock-based compensation
185

 
0

 
185

Stock options exercised, including tax effects
18

 
0

 
18

Release of vested RSUs, including tax effects
(101
)
 
0

 
(101
)
Cash dividends declared
(273
)
 
0

 
(273
)
Equity at February 16, 2014
$
11,515

 
$
194

 
$
11,709