Stockholders' Equity
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Dec. 28, 2014
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Stockholders' Equity |
Note 5 — Stockholders’ Equity
Changes in stockholders’ equity for the three months ended December 28, 2014 were as follows (in millions):
Accumulated Other Comprehensive Income. Changes in the components of accumulated other comprehensive income, net of income taxes, in Qualcomm stockholders’ equity during the three months ended December 28, 2014 were as follows (in millions):
Stock Repurchase Program. During the three months ended December 28, 2014 and December 29, 2013, the Company repurchased and retired 22,940,000 and 14,196,000 shares of common stock, respectively, for $1.7 billion and $1.0 billion, respectively, before commissions. On March 4, 2014, the Company announced a stock repurchase program authorizing it to repurchase up to $7.8 billion of the Company’s common stock. The stock repurchase program has no expiration date. At December 28, 2014, approximately $3.6 billion remained authorized for repurchase under the Company’s stock repurchase program. Since December 28, 2014, the Company repurchased and retired 6,841,000 shares of common stock for $502 million.
Dividends. Cash dividends announced in the three months ended December 28, 2014 and December 29, 2013 were $0.42 and $0.35 per share, respectively. During the three months ended December 28, 2014 and December 29, 2013, dividends charged to retained earnings were $710 million and $599 million, respectively. On January 14, 2015, the Company announced a cash dividend of $0.42 per share on the Company’s common stock, payable on March 25, 2015 to stockholders of record as of the close of business on March 4, 2015.
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