XML 28 R15.htm IDEA: XBRL DOCUMENT v3.21.2
Stock Repurchase Program
3 Months Ended
Nov. 20, 2021
Equity  
Stock Repurchase Program

Note G – Stock Repurchase Program

From January 1, 1998 to November 20, 2021, the Company has repurchased a total of 150.8 million shares of its common stock at an aggregate cost of $26.6 billion, including 514,534 shares of its common stock at an aggregate cost of $900.0 million during the twelve week period ended November 20, 2021.

On October 5, 2021, the Board voted to authorize the repurchase of an additional $1.5 billion of the Company’s common stock in connection with the Company’s ongoing share repurchase program. Since the inception of the repurchase program in 1998, the Board has authorized $27.7 billion in share repurchases. Considering the cumulative repurchases as of November 20, 2021, the Company had $1.0 billion remaining under the Board’s authorization to repurchase its common stock.

Subsequent to November 20, 2021 and through December 10, 2021, the Company has repurchased 63,909 shares of its common stock at an aggregate cost of $120.0 million. On December 14, 2021, the Board voted to increase the authorization by $1.5 billion to raise the cumulative share repurchase authorization to $29.2 billion. Considering the cumulative repurchases subsequent to November 20, 2021 and through December 10, 2021 and the December 14, 2021 additional authorization, the Company has $2.4 billion remaining under the Board’s authorization to repurchase its common stock.