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CAPITAL STOCK
12 Months Ended
May 28, 2017
Equity [Abstract]  
CAPITAL STOCK
CAPITAL STOCK
The total number of shares we are authorized to issue is 1,218,050,000 shares, which shares may be issued as follows: 1,200,000,000 shares of common stock, par value $5.00 per share; 150,000 shares of Class B Preferred Stock, par value $50.00 per share; 250,000 shares of Class C Preferred Stock, par value $100.00 per share; 1,100,000 shares of Class D Preferred Stock, no par value per share; and 16,550,000 shares of Class E Preferred Stock, no par value per share. There were no preferred shares issued or outstanding as of May 28, 2017.
We have repurchased our shares of common stock from time to time after considering market conditions and in accordance with repurchase limits authorized by our Board of Directors. In October 2016, our Board of Directors approved a $1.25 billion increase to our share repurchase authorization. On May 18, 2017, the Board of Directors approved a further increase of $1.0 billion to the share repurchase program. We repurchased 25.1 million shares of our common stock for approximately $1.0 billion and 1.4 million shares of our common stock for approximately $50.0 million in fiscal 2017 and 2015, respectively, under this program.