NOTE 17 — STOCK REPURCHASE PROGRAM

On September 10, 2010, the Board of Directors authorized the repurchase of up to $250 million of Company common stock and on September 1, 2011 the Board of Directors authorized the repurchase of up to an additional $500 million of Company common stock. On December 14, 2011, the Board of Directors authorized the repurchase of up to $1.6 billion of Company common stock, which replaces the previous repurchase authorizations under the program. These repurchases can be conducted on the open market or as private purchases and may include the use of derivative contracts with large financial institutions, in all cases subject to compliance with applicable law. Repurchases will be funded using the Company's available cash. This repurchase program has no termination date and may be suspended or discontinued at any time.

Repurchases under the repurchase program were as follows during the periods indicated:


Period	Total Number of Shares Repurchased		Total Cost of Repurchase		Average Price Paid Per Share		Amount Available Under Repurchase Program
	(in thousands, except per share data)
Available balance as of June 26, 2011							$	249,244
Authorization of additional $500 million – September 2011							$	749,244
Quarter ended September 25, 2011		1,977	$	74,287	$	37.57	$	674,957
Quarter ended December 25, 2011		2,860	$	110,637	$	38.69	$	564,320
Authorization of new $1.6 billion – December 2011							$	1,600,000

In addition to shares repurchased under Board authorized repurchase program shown above, the Company acquired 182,000 shares at a total cost of $7.8 million which the Company withheld through net share settlements to cover tax withholding obligations upon the vesting of restricted stock unit awards granted under the Company's equity compensation plans. The shares retained by the Company through these net share settlements are not a part of the Board-authorized repurchase program but instead are authorized under the Company's equity compensation plans.

As part of its share repurchase program, the Company may from time-to-time enter into structured share repurchase arrangements with financial institutions using general corporate funds. Historically, these arrangements have required the Company to make an up-front cash payment in exchange for the right to receive shares of its common stock or cash at the expiration of the agreement, dependent upon the closing price of the Corporation's common stock at the settlement date. During the quarter ended December 25, 2011 two of these arrangements settled, resulting in the receipt of 2.6 million shares at an aggregate price of $100.0 million under the first arrangement and $51.0 million under the second arrangement. As of December 25, 2011, a prepayment of $75.0 million was outstanding under one such arrangement. This arrangement settled in January 2012, resulting in the receipt of $79.2 million. Under these arrangements, any prepayments or cash payments at settlement are recorded as a component of additional paid in capital in the Company's Consolidated Balance Sheet as of December 25, 2011.