Stock Repurchase Program

3 Months Ended

Nov. 18, 2017

Equity [Abstract]

Stock Repurchase Program

Note I – Stock Repurchase Program

From January 1, 1998 to November 18, 2017, the Company has repurchased a total of 142.9 million shares of its common stock at an aggregate cost of $18.179 billion, including 597,430 shares of its common stock at an aggregate cost of $352.6 million during the twelve week period ended November 18, 2017. On March 21, 2017, the Board voted to increase the authorization by $750 million. This raised the total value of shares authorized to be repurchased to $18.65 billion. Considering the cumulative repurchases as of November 18, 2017, the Company had $471.1 million remaining under the Board’s authorization to repurchase its common stock.

Subsequent to November 18, 2017, the Company has repurchased 13,002 shares of its common stock at an aggregate cost of $8.0 million.