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Equity and Comprehensive Income | 8 Months Ended
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May 07, 2017
Equity [Abstract] |
Equity and Comprehensive Income | Note 5—Equity and Comprehensive Income Dividends The Company’s current quarterly dividend rate is $0.50 per share, compared to $0.45 per share in the third quarter of 2016. On April 25, 2017, the Board of Directors declared a quarterly cash dividend in the amount of $0.50 per share and a special cash dividend of $7.00 per share, both of which were paid subsequent to the end of the third quarter, on May 26, 2017. The aggregate payment was approximately $3,290 and was included in other current liabilities in the accompanying condensed consolidated balance sheets at May 7, 2017. Stock Repurchase Programs Stock repurchase activity during the third quarter and first thirty-six weeks of 2017 and 2016 is summarized below:
| Shares Repurchased (000's) |  | Average Price per Share |  | Total Cost
Third quarter of 2017 | 266 |  |  | $ | 168.09 |  |  | $ | 45 |
First thirty-six weeks of 2017 | 1,486 |  |  | $ | 156.51 |  |  | $ | 233 |
Third quarter of 2016 | 899 |  |  | $ | 151.57 |  |  | $ | 136 |
First thirty-six weeks of 2016 | 2,328 |  |  | $ | 148.64 |  |  | $ | 346 |
These amounts may differ from the stock repurchase balances in the accompanying condensed consolidated statements of cash flows due to changes in unsettled stock repurchases at the end of a quarter. The remaining amount available for stock repurchases under our approved plan, which expires in April 2019, was $2,989 at May 7, 2017. 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. Components of Equity and Comprehensive Income The following tables show the changes in equity attributable to Costco and the noncontrolling interests of consolidated subsidiaries:
| Attributable to Costco |  | Noncontrolling Interests |  | Total Equity
Equity at August 28, 2016 | $ | 12,079 |  |  | $ | 253 |  |  | $ | 12,332 |
Comprehensive income: |  |  |  |  |
Net income | 1,760 |  |  | 22 |  |  | 1,782 |
Foreign-currency translation adjustment and other, net | (222 | ) |  | 12 |  |  | (210 | )
Comprehensive income | 1,538 |  |  | 34 |  |  | 1,572 |
Stock-based compensation | 404 |  |  | 0 |  |  | 404 |
Release of vested restricted stock units (RSUs), including tax effects | (165 | ) |  | 0 |  |  | (165 | )
Repurchases of common stock | (233 | ) |  | 0 |  |  | (233 | )
Cash dividends declared and other | (3,725 | ) |  | 0 |  |  | (3,725 | )
Equity at May 7, 2017 | $ | 9,898 |  |  | $ | 287 |  |  | $ | 10,185 |
| Attributable to Costco |  | Noncontrolling Interests |  | Total Equity
Equity at August 30, 2015 | $ | 10,617 |  |  | $ | 226 |  |  | $ | 10,843 |
Comprehensive income: |  |  |  |  |
Net income | 1,571 |  |  | 20 |  |  | 1,591 |
Foreign-currency translation adjustment and other, net | (5 | ) |  | 0 |  |  | (5 | )
Comprehensive income | 1,566 |  |  | 20 |  |  | 1,586 |
Stock-based compensation | 362 |  |  | 0 |  |  | 362 |
Release of vested RSUs, including tax effects | (145 | ) |  | 0 |  |  | (145 | )
Repurchases of common stock | (346 | ) |  | 0 |  |  | (346 | )
Cash dividends declared | (549 | ) |  | 0 |  |  | (549 | )
Distribution to noncontrolling interest | 0 |  |  | (3 | ) |  | (3 | )
Equity at May 8, 2016 | $ | 11,505 |  |  | $ | 243 |  |  | $ | 11,748 |

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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/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SAB Topic 4.E) -URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74567-122707 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(31)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SAB Topic 4.C) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187143-122770 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(30)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(d)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 11: http://www.xbrl.org/2003/role/presentationRef -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=27012166&loc=d3e187085-122770 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Preferred Stock -URI http://asc.fasb.org/extlink&oid=6521494 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644 Reference 16: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644 + Details
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