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Subsequent Event
6 Months Ended
Jun. 25, 2017
Subsequent Events  
Subsequent Event

 

 

 

 

 

7.    Subsequent Event

 

Subsequent to the second quarter on July 27, 2017, our Board of Directors approved a $500 million increase in the Company’s share repurchase authorization and extended the program to February 27, 2019.  This approval increased the Company's authorization for the repurchase of common stock from $1.575 billion to $2.075 billion.  As of July 27, 2017, $590.2 million was available for repurchase of common stock under this authorization.