Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Notes)

v3.8.0.1
Stockholders' Equity (Notes)
 3 Months Ended
Dec. 24, 2017
Stockholders' Equity Attributable to Parent [Abstract]  
Stockholders' Equity
Stockholders’ Equity
Changes in stockholders’ equity in the three months ended December 24, 2017 were as follows (in millions):
 
Total Stockholders’ Equity
Balance at September 24, 2017
$
30,746

Net loss
(5,953
)
Other comprehensive income
2

Common stock issued under employee benefit plans and related tax benefits
142

Share-based compensation
266

Tax withholdings related to vesting of share-based payments
(192
)
Dividends
(862
)
Stock repurchases
(225
)
Balance at December 24, 2017
$
23,924


Accumulated Other Comprehensive Income. Changes in the components of accumulated other comprehensive income, net of income taxes, in stockholders’ equity in the three months ended December 24, 2017 were as follows (in millions):
 
Foreign Currency Translation Adjustment
 
Noncredit Other-than-Temporary Impairment Losses and Subsequent Changes in Fair Value for Certain Available-for-Sale Debt Securities
 
Net Unrealized Gain (Loss) on Other Available-for-Sale Securities
 
Net Unrealized (Loss) Gain on Derivative Instruments
 
Other Gains
 
Total Accumulated Other Comprehensive Income
Balance at September 24, 2017
$
147

 
$
23

 
$
218

 
$
(8
)
 
$
4

 
$
384

Other comprehensive income (loss) before reclassifications
(5
)
 
—

 
4

 
2

 
—

 
1

Reclassifications from accumulated other comprehensive income
—

 
—

 
—

 
1

 
—

 
1

Other comprehensive income (loss)
(5
)
 
—

 
4

 
3

 
—

 
2

Balance at December 24, 2017
$
142

 
$
23

 
$
222

 
$
(5
)
 
$
4

 
$
386


Stock Repurchase Program. On March 9, 2015, the Company announced a stock repurchase program authorizing it to repurchase up to $15 billion of the Company’s common stock. The stock repurchase program has no expiration date. In the three months ended December 24, 2017 and December 25, 2016, the Company repurchased and retired 3.7 million and 6.6 million shares for $225 million and $444 million, respectively, before commissions. At December 24, 2017, $1.4 billion remained authorized for repurchase under the Company’s stock repurchase program.
Dividends. Cash dividends announced in the three months ended December 24, 2017 and December 25, 2016 were $0.57 and $0.53 per share, respectively. Dividends charged to retained earnings in the three months ended December 24, 2017 and December 25, 2016 were $862 million and $801 million, respectively. On January 12, 2018, the Company announced a cash dividend of $0.57 per share on the Company’s common stock, payable on March 21, 2018 to stockholders of record as of the close of business on February 28, 2018.