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STOCKHOLDERS' EQUITY | 12 Months Ended
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Jun. 30, 2020
Equity [Abstract] |
STOCKHOLDERS' EQUITY | NOTE 16 — STOCKHOLDERS’ EQUITY Shares Outstanding Shares of common stock outstanding were as follows:
(In millions) |  |  |  |  |  |  |  |  |
Year Ended June 30, |  | 2020 |  |  | 2019 |  |  | 2018 |
Balance, beginning of year |  |  | 7,643 |  |  |  | 7,677 |  |  |  | 7,708 |
Issued |  |  | 54 |  |  |  | 116 |  |  |  | 68 |
Repurchased |  |  | (126 | ) |  |  | (150 | ) |  |  | (99 | )
Balance, end of year |  |  | 7,571 |  |  |  | 7,643 |  |  |  | 7,677 |
Share Repurchases On September 20, 2016, our Board of Directors approved a share repurchase program authorizing up to $40.0 billion in share repurchases. This share repurchase program commenced in December 2016 and was completed in February 2020. 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, following completion of the program approved on September 20, 2016, has no expiration date, and may be terminated at any time. As of June 30, 2020, $31.7 billion remained of this $40.0 billion share repurchase program. We repurchased the following shares of common stock under the share repurchase programs:
(In millions) |  | Shares |  |  | Amount |  |  | Shares |  |  | Amount |  |  | Shares |  |  | Amount |
Year Ended June 30, |  | 2020 |  |  | 2019 |  |  | 2018 |
First Quarter |  |  | 29 |  |  | $ | 4,000 |  |  |  | 24 |  |  | $ | 2,600 |  |  |  | 22 |  |  | $ | 1,600 |
Second Quarter |  |  | 32 |  |  |  | 4,600 |  |  |  | 57 |  |  |  | 6,100 |  |  |  | 22 |  |  |  | 1,800 |
Third Quarter |  |  | 37 |  |  |  | 6,000 |  |  |  | 36 |  |  |  | 3,899 |  |  |  | 34 |  |  |  | 3,100 |
Fourth Quarter |  |  | 28 |  |  |  | 5,088 |  |  |  | 33 |  |  |  | 4,200 |  |  |  | 21 |  |  |  | 2,100 |
Total |  |  | 126 |  |  | $ | 19,688 |  |  |  | 150 |  |  | $ | 16,799 |  |  |  | 99 |  |  | $ | 8,600 |
Shares repurchased during the fourth quarter of fiscal year 2020 were under the share repurchase program approved on September 18, 2019. Shares repurchased during the third quarter of fiscal year 2020 were under the share repurchase programs approved on both September 20, 2016 and September 18, 2019. All other shares repurchased were under the share repurchase program approved on September 20, 2016. The above table excludes shares repurchased to settle employee tax withholding related to the vesting of stock awards of $3.3 billion, $2.7 billion, and $2.1 billion for fiscal years 2020, 2019, and 2018, respectively. All share 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 2020 |  |  |  |  |  |  |  |  | (In millions) |
September 18, 2019 |  |  | November 21, 2019 |  |  |  | December 12, 2019 |  |  | $ | 0.51 |  |  | $ | 3,886 |
December 4, 2019 |  |  | February 20, 2020 |  |  |  | March 12, 2020 |  |  |  | 0.51 |  |  |  | 3,876 |
March 9, 2020 |  |  | May 21, 2020 |  |  |  | June 11, 2020 |  |  |  | 0.51 |  |  |  | 3,865 |
June 17, 2020 |  |  | August 20, 2020 |  |  |  | September 10, 2020 |  |  |  | 0.51 |  |  |  | 3,861 |
Total |  |  |  |  |  |  |  |  |  | $ | 2.04 |  |  | $ | 15,488 |
Fiscal Year 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
September 18, 2018 |  |  | November 15, 2018 |  |  |  | December 13, 2018 |  |  | $ | 0.46 |  |  | $ | 3,544 |
November 28, 2018 |  |  | February 21, 2019 |  |  |  | March 14, 2019 |  |  |  | 0.46 |  |  |  | 3,526 |
March 11, 2019 |  |  | May 16, 2019 |  |  |  | June 13, 2019 |  |  |  | 0.46 |  |  |  | 3,521 |
June 12, 2019 |  |  | August 15, 2019 |  |  |  | September 12, 2019 |  |  |  | 0.46 |  |  |  | 3,510 |
Total |  |  |  |  |  |  |  |  |  | $ | 1.84 |  |  | $ | 14,101 |
The dividend declared on June 17, 2020 was included in other current liabilities as of June 30, 2020.

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)(1)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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