Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
Share repurchase activity during the three months ended December 26, 2020 was as follows (in millions, except number of shares, which are reflected in thousands, and per share amounts):
Periods Total Number
of Shares Purchased Average Price
Paid Per Share Total Number of Shares
Purchased as Part of Publicly
Announced Plans or Programs Approximate Dollar Value of
Shares That May Yet Be Purchased
Under the Plans or Programs (1)
September 27, 2020 to October 31, 2020:
Open market and privately negotiated purchases
25,810 $ 116.23 25,810
November 1, 2020 to November 28, 2020:
Open market and privately negotiated purchases
87,247 $ 117.48 87,247
November 29, 2020 to December 26, 2020:
Open market and privately negotiated purchases
86,632 $ 124.09 86,632
Total 199,689 $ 32,353
(1) As of December 26, 2020, the Company was authorized to purchase up to $225 billion of the Company’s common stock under a share repurchase program announced on April 30, 2020, of which $192.6 billion had been utilized. The remaining $32.4 billion in the table represents the amount available to repurchase shares under the authorized repurchase program as of December 26, 2020. The Company’s share repurchase program does not obligate it to acquire any specific number of shares. Under this program, shares may be repurchased in privately negotiated and/or open market transactions, including under plans complying with Rule 10b5-1 under the Exchange Act.
Item 3. Defaults Upon Senior Securities
None.
Item 4. Mine Safety Disclosures
Not applicable.
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