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Stock Repurchase Program
6 Months Ended
Feb. 13, 2021
Equity  
Stock Repurchase Program

Note H – Stock Repurchase Program

From January 1, 1998 to February 13, 2021, the Company has repurchased a total of 149.0 million shares of its common stock at an aggregate cost of $23.932 billion, including 1.3 million shares of its common stock at an aggregate cost of $1.578 billion during the twenty-four week period ended February 13, 2021. On December 15, 2020, the Board voted to increase the repurchase authorization by $1.5 billion. This raised the total value of shares authorized to be repurchased to $24.65 billion. Considering the cumulative repurchases as of February 13, 2021, the Company had $717.6 million remaining under the Board’s authorization to repurchase its common stock.

During the twenty-four week period ended February 13, 2021, the Company retired 1.0 million shares of treasury stock which had previously been repurchased under the Company’s share repurchase program. The retirement increased Retained deficit by $1.139 billion and decreased Additional paid-in capital by $60.0 million. During the comparable prior year period, the Company retired 1.9 million shares of treasury stock, which increased Retained deficit by $1.879 billion and decreased Additional paid-in capital by $99.7 million.

Subsequent to February 13, 2021, the Company has repurchased 169,396 shares of its common stock at an aggregate cost of $203.0 million.