1 unchanged sentence
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
−Removed: Share repurchase activity during the three months ended March 27, 2021 was as follows (in millions, except number of shares, which are reflected in thousands, and per share amounts):
+Added: Share repurchase activity during the three months ended June 26, 2021 was as follows (in millions, except number of shares, which are reflected in thousands, and per share amounts):
Periods Total Number
5 unchanged sentences
Under the Plans or Programs (1)
−Removed: December 27, 2020 to January 30, 2021:
+Added: March 28, 2021 to May 1, 2021:
Open market and privately negotiated purchases
57,020 $ 129.97 57,020
−Removed: January 31, 2021 to February 27, 2021:
+Added: May 2, 2021 to May 29, 2021:
+Added: May 2021 ASR 31,521 (2)
Open market and privately negotiated purchases
49,924 $ 126.97 49,924
−Removed: February 28, 2021 to March 27, 2021:
+Added: May 30, 2021 to June 26, 2021:
Open market and privately negotiated purchases
1 unchanged sentence
Total 167,723 $ 80,852
−Removed: (1) As of March 27, 2021, the Company was authorized to purchase up to $225 billion of the Company’s common stock under the Program, announced on April 30, 2020, of which $211.6 billion had been utilized.
−Removed: The remaining $13.4 billion in the table represents the amount available to repurchase shares under the Program as of March 27, 2021.
−Removed: On April 28, 2021, the Company announced the Board of Directors increased the Program authorization by $90 billion.
+Added: (1) As of June 26, 2021, the Company was authorized to purchase up to $315 billion of the Company’s common stock under the Program, announced on April 28, 2021, of which $234.1 billion had been utilized.
+Added: The remaining $80.9 billion in the table represents the amount available to repurchase shares under the Program as of June 26, 2021.
The Program does not obligate the Company to acquire any specific number of shares.
Under the 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.
+Added: (2) In May 2021, the Company entered into a new ASR.
+Added: Under the terms of the agreement, a financial institution committed to deliver shares of the Company’s stock during the purchase period in exchange for an up-front payment of $5.0 billion.
+Added: The total number of shares ultimately delivered under the ASR, and therefore the average repurchase price paid per share, is determined based on the volume-weighted average price of the Company’s common stock during the ASR’s purchase period, which will end in or before August 2021.
Defaults Upon Senior Securities
+Added: | Q3 2021 Form 10-Q | 31
Mine Safety Disclosures
Not applicable.
−Removed: | Q2 2021 Form 10-Q | 31
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.