I would like to repair rather than replace this garden faucet. It leaks ever so slightly: a drop or two every minute. I don't know how this valve works. I tried to open it. The picture shows how far I got. I do not see a washer. Is there a washer and, if so, how do I get to it? If no washer, how do I fix the leak?

Update
  I must have misunderstood the instructions on how to remove the stem. I turned the faucet handle counterclockwise and the stem broke off. (See photo.) Please clarify: what should I have turned to remove the stem?

I would like to repair rather than replace this garden faucet. It leaks ever so slightly: a drop or two every minute. I don't know how this valve works. I tried to open it. The picture shows how far I got. I do not see a washer. Is there a washer and, if so, how do I get to it? If no washer, how do I fix the leak?

Update: I must have misunderstood the instructions on how to remove the stem. I turned the faucet handle counterclockwise and the stem broke off. (See photo.) Please clarify: what should I have turned to remove the stem?

I would like to repair rather than replace this garden faucet. It leaks ever so slightly: a drop or two every minute. I don't know how this valve works. I tried to open it. The picture shows how far I got. I do not see a washer. Is there a washer and, if so, how do I get to it? If no washer, how do I fix the leak?

Thank you.

I would like to repair rather than replace this garden faucet. It leaks ever so slightly: a drop or two every minute. I don't know how this valve works. I tried to open it. The picture shows how far I got. I do not see a washer. Is there a washer and, if so, how do I get to it? If no washer, how do I fix the leak?

Update
I must have misunderstood the instructions on how to remove the stem. I turned the faucet handle counterclockwise and the stem broke off. (See photo.) Please clarify: what should I have turned to remove the stem?