1 unchanged sentence
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
−Removed: Share repurchase activity during the three months ended March 26, 2022 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 25, 2022 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 26, 2021 to January 29, 2022:
−Removed: November 2021 ASRs 4,887 (2)
+Added: March 27, 2022 to April 30, 2022:
Open market and privately negotiated purchases
50,578 $ 168.06 50,578
−Removed: January 30, 2022 to February 26, 2022:
+Added: May 1, 2022 to May 28, 2022:
Open market and privately negotiated purchases
42,069 $ 148.45 42,069
−Removed: February 27, 2022 to March 26, 2022:
+Added: May 29, 2022 to June 25, 2022:
Open market and privately negotiated purchases
2 unchanged sentences
(1) On April 28, 2022, the Board of Directors authorized the purchase of an additional $90 billion of the Company’s common stock under the Program.
−Removed: As of March 26, 2022, total utilization under the April 2021 authorization was $72.4 billion.
−Removed: On April 28, 2022, the Company announced the Board of Directors increased the Program authorization by $90 billion.
+Added: As of June 25, 2022, total utilization under the April 2022 authorization was $4.1 billion.
+Added: During the third quarter of 2022, the Company also utilized the final $17.6 billion under the $90 billion Program authorization approved in April 2021.
The Program does not obligate the Company to acquire a minimum amount 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.
−Removed: (2) In November 2021, the Company entered into accelerated share repurchase agreements (“ASRs”) to purchase up to a total of $6.0 billion of the Company’s common stock.
−Removed: In January 2022, the purchase periods for these ASRs ended and an additional 5 million shares were delivered and retired.
−Removed: In total, 35 million shares were delivered under these ASRs at an average repurchase price of $170.01 per share.
+Added: | Q3 2022 Form 10-Q | 20
Defaults Upon Senior Securities
2 unchanged sentences
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.