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Share Repurchases
3 Months Ended
Mar. 29, 2015
Share Repurchases [Abstract]  
Treasury Stock
Stock Repurchases

The Company’s Board of Directors authorized in October 2011 a program to repurchase up to $500.0 million of shares of the Company’s common stock. The stock repurchase program was increased by an additional $750.0 million by the Company’s Board of Directors in December 2012 and was fully expended by the end of the third quarter of 2013.  In July 2013, the Company’s Board of Directors authorized a new stock repurchase program of $2.50 billion and in January 2015, the Company’s Board of Directors increased the stock repurchase program by an additional $2.50 billion. As of March 29, 2015, $2.38 billion remained available for stock repurchases. The current stock repurchase program will remain in effect until the available funds have been expended or the Company’s Board of Directors terminates the program.

Under the Company’s stock repurchase programs, from the fourth quarter of 2011 through March 29, 2015, the Company spent an aggregate $3.87 billion to repurchase 54.7 million shares. Included in the aggregate repurchase activity are 9.3 million shares that were repurchased for an aggregate amount of $750.0 million during the three months ended March 29, 2015. In addition to repurchases under the Company’s stock repurchase program, during the three months ended March 29, 2015, the Company spent $33.8 million to settle employee tax withholding obligations due upon the vesting of restricted stock units (“RSUs”) and withheld an equivalent value of shares from the shares provided to the employees upon vesting.