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Stock Repurchase Program
3 Months Ended
Nov. 19, 2022
Equity  
Stock Repurchase Program

Note G – Stock Repurchase Program

From January 1, 1998 to November 19, 2022, the Company has repurchased a total of 152.9 million shares of its common stock at an aggregate cost of $31.0 billion, including 392.2 thousand shares of its common stock at an aggregate cost of $900.0 million during the twelve week period ended November 19, 2022.

On October 4, 2022, the Board voted to authorize the repurchase of an additional $2.5 billion of the Company’s common stock in connection with its ongoing share repurchase program, which raised the total value of shares authorized to be repurchased to $33.7 billion. Considering the cumulative repurchases as of November 19, 2022, the Company had $2.7 billion remaining under the Board’s authorization to repurchase its common stock.

Subsequent to November 19, 2022 and through December 9, 2022, the Company has repurchased 42.9 thousand shares of its common stock at an aggregate cost of $108.0 million.