Equity

3 Months Ended

Nov. 24, 2019

Equity [Abstract]

Stockholders' equity

Note 6—Equity

Dividends

The Company’s current quarterly dividend is $0.65 per share, compared to $0.57 in the first quarter of 2019. On October 18, 2019, the Board of Directors declared a quarterly dividend in the amount of $0.65 per share, which was paid on November 15, 2019.

Stock Repurchase Programs

Stock repurchase activity during the first quarter of 2020 and 2019 is summarized below:

	Shares Repurchased (000s)	Average Price per Share		Total Cost
First quarter of 2020	100	$	295.97	$	30
First quarter of 2019	150	$	229.35	$	34

These amounts may differ from the stock repurchase balances in the accompanying condensed consolidated statements of cash flows due to changes in unsettled stock repurchases at the end of a quarter. The remaining amount available for stock repurchases under the approved plan was $3,913 at November 24, 2019. Purchases are made from time to time, as conditions warrant, in the open market or in block purchases and pursuant to plans under SEC Rule 10b5-1.