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STOCKHOLDERS' EQUITY
 3 Months Ended
Sep. 30, 2022
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 and was completed in November 2021.

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, following completion of the program approved on September 18, 2019, has no expiration date, and may be terminated at any time. As of September 30, 2022, $36.1 billion remained of this $60.0 billion share repurchase program.

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

 

(In millions)

 

Shares

 

Amount

 

 

Shares

 

Amount

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year

 

 

 

 

2023

 

 

 

 

 

2022

 

 

 

 

 

 

First Quarter

 

 

17

 

 

$

4,600

 

 

 

21

 

 

$

6,200

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

All repurchases were made using cash resources. Shares repurchased during the first quarter of fiscal year 2023 were under the share repurchase program approved on September 14, 2021. Shares repurchased during the first quarter of fiscal year 2022 were under the share repurchase program approved on September 18, 2019. The above table excludes shares repurchased to settle employee tax withholding related to the vesting of stock awards of $973 million and $1.5 billion for the first quarter of fiscal years 2023 and 2022, respectively.

Dividends

Our Board of Directors declared the following dividends:

 

Declaration Date

 

 

Record Date

 

 

 

Payment Date

 

 

 

Dividend

Per Share

 

 

 

Amount

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year 2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 20, 2022

 

 

November 17, 2022

 

 

 

December 8, 2022

 

 

$

0.68

 

 

$

5,071

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 14, 2021

 

 

November 18, 2021

 

 

 

December 9, 2021

 

 

$

0.62

 

 

$

4,652

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The dividend declared on September 20, 2022 was included in other current liabilities as of September 30, 2022.