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WESTERN DIGITAL CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (Continued)
the Board of Directors authorized an additional $1.5 billion for the repurchase of its common stock and the extension
of its stock repurchase program until September 13, 2017. The Company repurchased 19.0 million shares for a total
cost of $842 million during 2013. The remaining amount available to be purchased under the Company's stock
repurchase program as of June 28, 2013 was $2.0 billion. The Company may continue to repurchase its stock as it
deems appropriate and market conditions allow. Repurchases under the stock repurchase program may be made in the
open market or in privately negotiated transactions and may be made under a Rule 10b5-1 plan. The Company
expects stock repurchases to be funded principally by operating cash flows.
Stock Reserved for Issuance
The following table summarizes all shares of common stock reserved for issuance at June 28, 2013 (in millions):
Number
of Shares
Maximum shares issuable in connection with:
Outstanding awards and shares available for award grants . . . . . . . . . . . . . . . . . . . . . . . . . . . .
28.4
ESPP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7.8
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
36.2
Dividends to Shareholders
On September 13, 2012, the Company announced that its Board of Directors had authorized the adoption of a
quarterly cash dividend policy. Under the cash dividend policy, holders of the Company's common stock receive divi-
dends when and as declared by the Company's Board of Directors. In 2013, the Company declared aggregate cash
dividends of $1.00 per share of the Company's common stock, totaling $240 million, of which $181 million was paid
during 2013. The Company may modify, suspend or cancel its cash dividend policy in any manner and at any time.
Note 9.
Income Taxes
Pre-tax Income
The domestic and foreign components of income before income taxes were as follows for the three years ended
June 28, 2013 (in millions):
2013
2012
2011
Foreign . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$ 870
$1,559
$660
Domestic . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
352
198
120
Income before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$1,222
$1,757
$780
77