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Share Repurchases
9 Months Ended
Oct. 02, 2021
Share Repurchases  
Share Repurchases

10. Share Repurchases

On August 2, 2021, the Company announced its intention to commence a “modified Dutch Auction” tender offer to purchase in cash up to $1.0 billion in value of shares of its common stock. The tender offer commenced on August 3, 2021 and expired on August 30, 2021. The Company repurchased 4.0 million shares through the tender offer at a price of $160.00 per share, for an aggregate cost of $640.7 million, excluding fees and expenses relating to the tender offer. In addition, the Company repurchased 0.4 million shares of its common stock for $53.6 million through its existing share repurchase program during the nine months ended October 2, 2021. Shares purchased through the tender offer and share repurchase program were retired upon repurchase.