XML 49 R14.htm IDEA: XBRL DOCUMENT v2.4.0.6
Stock Repurchase Program
6 Months Ended
Feb. 11, 2012
Stock Repurchase Program [Abstract]  
Stock Repurchase Program

Note I – Stock Repurchase Program

From January 1, 1998 to February 11, 2012, the Company has repurchased a total of 128.8 million shares at an aggregate cost of $10.7 billion, including 1,455,046 shares of its common stock at an aggregate cost of $482.3 million during the twenty-four week period ended February 11, 2012. On September 28, 2011, the Board voted to increase the authorization by $750 million to raise the cumulative share repurchase authorization from $10.4 billion to $11.15 billion. Considering cumulative repurchases as of February 11, 2012, the Company had $486.4 million remaining under the Board’s authorization to repurchase its common stock.

 

On March 7, 2012, the Board voted to increase the authorization by $750 million to raise the cumulative share repurchase authorization from $11.15 billion to $11.9 billion. Subsequent to February 11, 2012, the Company has repurchased 26,240 shares of its common stock at an aggregate cost of $10.0 million.

During the twenty-four week period ended February 11, 2012, the Company retired 4.9 million shares of treasury stock which had previously been repurchased under the Company’s share repurchase program. The retirement increased Retained deficit by $1,319.6 million and decreased Additional paid-in capital by $72.5 million. During the comparable prior year period, the Company retired 6.6 million shares of treasury stock, which increased Retained deficit by $1,247.7 million and decreased Additional paid-in capital by $82.2 million.