Stockholders' Equity

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STOCKHOLDERS' EQUITY STATEMENTS

(In millions)          
Year Ended June 30, 2011   2010   2009
Common stock and paid-in capital          
Balance, beginning of period $       62,856   $       62,382   $       62,849
Common stock issued            2,422              2,311                 567
Common stock repurchased           (3,738 )             (3,113 )             (2,611 )
Stock-based compensation expense            2,166              1,891              1,708
Stock-based compensation income tax deficiencies              (292 )                (647 )                (128 )
Other, net                  1                  32                   (3 )
Balance, end of period          63,415            62,856            62,382
Retained deficit          
Balance, beginning of period         (16,681 )           (22,824 )           (26,563 )
Net income          23,150            18,760            14,569
Other comprehensive income:          
Net unrealized gains (losses) on derivatives              (627 )                  27                 302
Net unrealized gains (losses) on investments            1,054                 265                (233 )
Translation adjustments and other               381                (206 )                (240 )
Comprehensive income          23,958            18,846            14,398
Common stock cash dividends           (5,394 )             (4,547 )             (4,620 )
Common stock repurchased           (8,215 )             (8,156 )             (6,039 )
Balance, end of period           (6,332 )           (16,681 )           (22,824 )
Total stockholders’ equity $       57,083   $       46,175   $       39,558

See accompanying notes.