To our shareholders, customers, partners and employees



Download 2.56 Mb.
Page37/45
Date20.10.2016
Size2.56 Mb.
#5363
1   ...   33   34   35   36   37   38   39   40   ...   45

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:



 








































(In millions)

  

 

 

 

 

 

 

 

 

 

 













Year Ended June 30,

  

2012

 

 

2011

 

 

2010

 













Balance, beginning of year

  

 

8,376

  

 

 

8,668

  

 

 

8,908

  

Issued

  

 

147

  

 

 

155

  

 

 

140

  

Repurchased

  

 

(142



 

 

(447



 

 

(380



 

 

 

 

 

 

 

 

 

 

Balance, end of year

  

 

8,381

  

 

 

8,376

  

 

 

8,668

  

 

  

 

 

 

 

 

 

 

 

 

 

 

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:

 













































































(In millions)

  

Shares

 

 

Amount

 

 

Shares

 

 

Amount

 

 

Shares

 

 

Amount

 

 

 






















Year Ended June 30,

  

 

 

 

2012

 

 

 

 

 

2011

 

 

 

 

 

2010

 






















First quarter

  

 

38

  

 

$

  1,000

  

 

 

163

  

 

$

4,000

  

 

 

58

  

 

$

1,445

  

Second quarter

  

 

39

  

 

 

1,000

  

 

 

188

  

 

 

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

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

  

 

142

  

 

$

4,000

  

 

 

447

  

 

$

  11,458

  

 

 

380

  

 

$

  10,836

  

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


Download 2.56 Mb.

Share with your friends:
1   ...   33   34   35   36   37   38   39   40   ...   45




The database is protected by copyright ©ininet.org 2024
send message

    Main page