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1051 - Disclosure - EMPLOYEE STOCK AND SAVINGS PLANS (Tables)
(http://www.microsoft.com/taxonomy/role/NotesToFinancialStatementsCompensationAndEmployeeBenefitPlansTextBlockTables)
TableStatement [Table]
Slicers (applies to each fact value in each table cell)
Statement [Line Items]Period [Axis]
2015-07-01 - 2016-06-30
Stock-Based Compensation Expense and Related Income Tax Benefits

Stock-based compensation expense and related income tax benefits were as follows:

 

(In millions)                   


Year Ended June 30,    2016     2015     2014  

Stock-based compensation expense

   $   2,668      $   2,574      $   2,446   

Income tax benefits related to stock-based compensation

     882        868        830   


 
 
Assumptions Used in Estimating the Fair Value of Stock Award Grants

The fair value of stock awards were estimated on the date of grant using the following assumptions:

 

       
Year Ended June 30,    2016     2015     2014  

Dividends per share (quarterly amounts)

   $   0.31 - $  0.36      $   0.28 - $  0.31      $   0.23 - $  0.28   

Interest rates

     1.1% -1.8%        1.2% - 1.9%        1.3% - 1.8%   


 
 
Stock Plan Activity

During fiscal year 2016, the following activity occurred under our stock plans:

 

Shares    

Weighted

Average

Grant-Date

Fair Value

 


(In millions)        

Stock Awards

  

Nonvested balance, beginning of year

     216      $   32.72   

Granted

     83      $   41.51   

Vested

     (85   $   30.98   

Forfeited

     (20   $   35.93   


       

Nonvested balance, end of year

     194      $   36.92   
    


       
 
 
Employee Purchased Shares

Employees purchased the following shares during the periods presented:

 

(Shares in millions)                   


Year Ended June 30,    2016     2015     2014  

Shares purchased

     15        16        18   

Average price per share

   $   44.83      $   39.87      $   33.60