Other
We also are subject to a variety of other claims and suits that arise from time to time in the ordinary course of our business. Although management currently believes that resolving claims against us, individually or in aggregate, will not have a material adverse impact on our financial statements, these matters are subject to inherent uncertainties and management’s view of these matters may change in the future.
As of June 30, 2012, we had accrued aggregate liabilities of $384 million in other current liabilities and $220 million in other long-term liabilities for all of our contingent legal matters. While we intend to defend these matters vigorously, adverse outcomes that we estimate could reach approximately $550 million in aggregate beyond recorded amounts are reasonably possible. Were unfavorable final outcomes to occur, there exists the possibility of a material adverse impact on our financial statements for the period in which the effects become reasonably estimable.
NOTE 18 — STOCKHOLDERS’ EQUITY
Shares Outstanding
Shares of common stock outstanding were as follows:
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(In millions)
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|
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|
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|
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|
Year Ended June 30,
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2012
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|
|
2011
|
|
|
2010
|
|
|
|
|
|
Balance, beginning of year
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|
8,376
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|
|
|
8,668
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|
|
|
8,908
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|
Issued
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|
|
147
|
|
|
|
155
|
|
|
|
140
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|
Repurchased
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|
(142
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)
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|
(447
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)
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|
|
(380
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)
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|
|
|
|
|
|
|
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|
Balance, end of year
|
|
|
8,381
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|
|
|
8,376
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|
|
|
8,668
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|
|
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Share Repurchases
On September 22, 2008, we announced that our Board of Directors approved a share repurchase program authorizing up to $40.0 billion in share repurchases with an expiration date of September 30, 2013. As of June 30, 2012, approximately $8.2 billion of the approved repurchase amount remained. The repurchase program may be suspended or discontinued at any time without prior notice.
We repurchased the following shares of common stock under the above-described repurchase plan using cash resources:
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(In millions)
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Shares
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|
Amount
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|
Shares
|
|
|
Amount
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|
Shares
|
|
|
Amount
|
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|
|
|
|
|
|
|
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|
Year Ended June 30,
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|
2012
|
|
|
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|
|
2011
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|
|
|
|
|
2010
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|
|
|
|
|
|
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|
First quarter
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|
|
38
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|
|
$
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1,000
|
|
|
|
163
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|
|
$
|
4,000
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|
|
|
58
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|
|
$
|
1,445
|
|
Second quarter
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|
|
39
|
|
|
|
1,000
|
|
|
|
188
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|
|
|
5,000
|
|
|
|
125
|
|
|
|
3,583
|
|
Third quarter
|
|
|
31
|
|
|
|
1,000
|
|
|
|
30
|
|
|
|
827
|
|
|
|
67
|
|
|
|
2,000
|
|
Fourth quarter
|
|
|
34
|
|
|
|
1,000
|
|
|
|
66
|
|
|
|
1,631
|
|
|
|
130
|
|
|
|
3,808
|
|
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Total
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142
|
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|
$
|
4,000
|
|
|
|
447
|
|
|
$
|
11,458
|
|
|
|
380
|
|
|
$
|
10,836
|
|
|
|
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