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STOCKHOLDERS' EQUITY
 3 Months Ended
Sep. 30, 2024
Equity [Abstract]  
STOCKHOLDERS' EQUITY

NOTE 15 — STOCKHOLDERS’ EQUITY

Share Repurchases

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 commenced in November 2021, has no expiration date, and may be terminated at any time. As of September 30, 2024, $7.5 billion remained of this $60.0 billion share repurchase program.

On September 16, 2024, 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 14, 2021, has no expiration date, and may be terminated at any time.

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

 

(In millions)

Shares

 

Amount

Shares

 

Amount

 

 

 

 

Fiscal Year

 

2025

 

2024

First Quarter

7

$

2,800

11

$

3,560

 

All repurchases were made using cash resources. All shares repurchased were under the share repurchase program approved on September 14, 2021. The above table excludes shares repurchased to settle employee tax withholding related to the vesting of stock awards of $1.3 billion for the first quarter of both fiscal years 2025 and 2024.

Dividends

Our Board of Directors declared the following dividends:

 

Declaration Date

Record Date

Payment Date

Dividend

Per Share

Amount

Fiscal Year 2025

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

 

September 16, 2024

 

 

November 21, 2024

 

 

 

December 12, 2024

 

 

$

0.83

 

 

$

6,172

 

Fiscal Year 2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 19, 2023

 

 

November 16, 2023

 

 

 

December 14, 2023

 

 

$

0.75

 

 

$

5,574

 

 

The dividend declared on September 16, 2024 was included in other current liabilities as of September 30, 2024.