v2.4.0.6
Equity And Comprehensive Income
 3 Months Ended
Nov. 20, 2011
Equity and Comprehensive Income [Abstract]  
Equity And Comprehensive Income

Note 5—Equity and Comprehensive Income

Dividends

The Company's current quarterly dividend rate is $0.24 per share, compared to $0.205 per share in the first quarter of 2011.

Stock Repurchase Programs

The Company's stock repurchase activity during the first quarter of 2012 and 2011 is summarized below:

 

     Shares
Repurchased
(000's)		      Average
Price per
Share		      Total Cost  

2012

      2,122       $  81.54       $ 173   

2011

      2,436       $ 61.71       $ 150   

These amounts differ from the stock repurchase balances in the condensed consolidated statements of cash flows to the extent that repurchases had not settled at the end of the quarter. The remaining amount available for stock repurchases under the approved plans was $3,533 at November 20, 2011. 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. Repurchased shares are retired.

Components of Equity and Comprehensive Income

The following tables show the changes in equity attributable to Costco and the noncontrolling interests of subsidiaries in which the Company has a controlling interest, but not total ownership interest:

 

      Attributable to
Costco		     Noncontrolling
Interests		     Total
Equity		  

Equity at August 28, 2011

    $ 12,002      $ 571      $ 12,573   

Comprehensive income:

       

Unrealized loss on short-term investments, net of $1 tax

      (1 )      0        (1 ) 

Foreign-currency translation adjustment and other

      (167 )      (41 )      (208 ) 

Net income

      320        8        328   
  

 

 

    

 

 

    

 

 

  

Total comprehensive income

      152        (33 )      119   

Stock-based compensation

      76        0        76   

Stock options exercised including tax effects

      60        0        60   

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

      (104 )      0        (104 ) 

Conversion of convertible notes

      1        0        1   

Repurchases of common stock

      (173 )      0        (173 ) 

Cash dividends

      (105 )      0        (105 ) 
  

 

 

    

 

 

    

 

 

  

Equity at November 20, 2011

    $ 11,909      $ 538      $ 12,447   
  

 

 

    

 

 

    

 

 

  

 

     Attributable to
Costco		     Noncontrolling
Interests		      Total
Equity		  

Equity at August 29, 2010

    $ 10,829      $ 101       $ 10,930   

Initial consolidation of noncontrolling interest in Costco Mexico

      0        357         357   

Comprehensive income:

        

Unrealized gain on short-term investments, net of tax

      1        0         1   

Foreign currency translation adjustment and other

      147        30         177   

Net income

      312        20         332   
  

 

 

    

 

 

     

 

 

  

Total comprehensive income

      460        50         510   

Stock-based compensation

      57        0         57   

Stock options exercised including tax effects ,

      144        0         144   

Release of vested RSUs including tax effects

      (52 )      0         (52 ) 

Repurchases of common stock

      (150 )      0         (150 ) 

Cash dividends

      (89 )      0         (89 ) 
  

 

 

    

 

 

     

 

 

  

Equity at November 21, 2010

    $ 11,199      $ 508       $ 11,707