XML 37 R25.htm IDEA: XBRL DOCUMENT
v3.23.2

STOCKHOLDERS' EQUITY | 12 Months Ended
--- | ---
Jun. 30, 2023
Equity [Abstract] |
STOCKHOLDERS' EQUITY | NOTE 16 — STOCKHOLDERS’ EQUITY Shares Outstanding Shares of common stock outstanding were as follows:
(In millions) |  |  |  |  |  |  |  |  |
Year Ended June 30, |  | 2023 |  |  | 2022 |  |  | 2021 |
Balance, beginning of year |  |  | 7,464 |  |  |  | 7,519 |  |  |  | 7,571 |
Issued |  |  | 37 |  |  |  | 40 |  |  |  | 49 |
Repurchased |  |  | (69 | ) |  |  | (95 | ) |  |  | (101 | )
Balance, end of year |  |  | 7,432 |  |  |  | 7,464 |  |  |  | 7,519 |
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 June 30, 2023, $22.3 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 |  |  | Shares |  |  | Amount |
Year Ended June 30, |  | 2023 |  |  | 2022 |  |  | 2021 |
First Quarter |  |  | 17 |  |  | $ | 4,600 |  |  |  | 21 |  |  | $ | 6,200 |  |  |  | 25 |  |  | $ | 5,270 |
Second Quarter |  |  | 20 |  |  |  | 4,600 |  |  |  | 20 |  |  |  | 6,233 |  |  |  | 27 |  |  |  | 5,750 |
Third Quarter |  |  | 18 |  |  |  | 4,600 |  |  |  | 26 |  |  |  | 7,800 |  |  |  | 25 |  |  |  | 5,750 |
Fourth Quarter |  |  | 14 |  |  |  | 4,600 |  |  |  | 28 |  |  |  | 7,800 |  |  |  | 24 |  |  |  | 6,200 |
Total |  |  | 69 |  |  | $ | 18,400 |  |  |  | 95 |  |  | $ | 28,033 |  |  |  | 101 |  |  | $ | 22,970 |
All repurchases were made using cash resources. Shares repurchased during fiscal year 2023 and the fourth and third quarters of fiscal year 2022 were under the share repurchase program approved on September 14, 2021. Shares repurchased during the second quarter of fiscal year 2022 were under the share repurchase programs approved on both September 14, 2021 and September 18, 2019. All other shares repurchased 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 $3.8 billion, $4.7 billion, and $4.4 billion for fiscal years 2023, 2022, and 2021, 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 |  |  | $ | 5,066 |
November 29, 2022 |  |  | February 16, 2023 |  |  |  | March 9, 2023 |  |  |  | 0.68 |  |  |  | 5,059 |
March 14, 2023 |  |  | May 18, 2023 |  |  |  | June 8, 2023 |  |  |  | 0.68 |  |  |  | 5,054 |
June 13, 2023 |  |  | August 17, 2023 |  |  |  | September 14, 2023 |  |  |  | 0.68 |  |  |  | 5,054 |
Total |  |  |  |  |  |  |  |  |  | $ | 2.72 |  |  | $ | 20,233 |
Fiscal Year 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
September 14, 2021 |  |  | November 18, 2021 |  |  |  | December 9, 2021 |  |  | $ | 0.62 |  |  | $ | 4,652 |
December 7, 2021 |  |  | February 17, 2022 |  |  |  | March 10, 2022 |  |  |  | 0.62 |  |  |  | 4,645 |
March 14, 2022 |  |  | May 19, 2022 |  |  |  | June 9, 2022 |  |  |  | 0.62 |  |  |  | 4,632 |
June 14, 2022 |  |  | August 18, 2022 |  |  |  | September 8, 2022 |  |  |  | 0.62 |  |  |  | 4,621 |
Total |  |  |  |  |  |  |  |  |  | $ | 2.48 |  |  | $ | 18,550 |
The dividend declared on June 13, 2023 was included in other current liabilities as of June 30, 2023.

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for equity. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-13 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-13 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-14 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 235 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481062/946-235-50-2 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 235 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481062/946-235-50-2 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481004/946-505-50-6 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480237/815-40-50-6 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480008/505-10-S99-1 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)(1)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//505/tableOfContent Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-13 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-13 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-13 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-14 Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-14 Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 16 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-16 Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 18 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-18 Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 18 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-18 Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 18 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-18 + Details
Name: | us-gaap_StockholdersEquityNoteDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration