11 unchanged sentences
Under the Plans or Programs (1)
−Removed: June 26, 2022 to July 30, 2022:
−Removed: Open market and privately negotiated purchases 41,690 $ 145.91 41,690
July 2, 2023 to August 5, 2023:
1 unchanged sentence
August 6, 2023 to September 2, 2023:
+Added: August 2023 ASRs 22,085 (2)
Open market and privately negotiated purchases 30,299 $ 178.99 30,299
+Added: September 3, 2023 to September 30, 2023:
+Added: Open market and privately negotiated purchases 20,347 $ 176.31 20,347
Total 106,595 $ 74,069
−Removed: (1) As of September 24, 2022, the Company was authorized by the Board of Directors to purchase up to $405 billion of the Company’s common stock under a share repurchase program most recently announced on April 28, 2022 (the “Program”), of which $344.3 billion had been utilized.
−Removed: The Program does not obligate the Company to acquire a minimum amount of shares.
−Removed: 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: (1) As of September 30, 2023, the Company was authorized by the Board of Directors to purchase up to $90 billion of the Company’s common stock under a share repurchase program announced on May 4, 2023, of which $15.9 billion had been utilized.
+Added: During the fourth quarter of 2023, the Company also utilized the final $4.6 billion under its previous repurchase program, which was most recently authorized in April 2022.
+Added: The programs do not obligate the Company to acquire a minimum amount of shares.
+Added: Under the programs, shares may be repurchased in privately negotiated or open market transactions, including under plans complying with Rule 10b5-1 under the Exchange Act.
+Added: (2) In August 2023, the Company entered into new accelerated share repurchase agreements (“ASRs”).
+Added: Under the terms of the ASRs, two financial institutions committed to deliver shares of the Company’s common stock during the purchase periods in exchange for up-front payments totaling $5.0 billion.
+Added: The total number of shares ultimately delivered under the ASRs, 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 ASRs’ purchase periods, which end in the first quarter of 2024.
| 2023 Form 10-K | 18
Company Stock Performance
−Removed: The following graph shows a comparison of cumulative total shareholder return, calculated on a dividend-reinvested basis, for the Company, the S&P 500 Index, the S&P Information Technology Index and the Dow Jones U.S.
−Removed: Technology Supersector Index for the five years ended September 24, 2022.
−Removed: The graph assumes $100 was invested in each of the Company’s common stock, the S&P 500 Index, the S&P Information Technology Index and the Dow Jones U.S.
+Added: The following graph shows a comparison of five-year cumulative total shareholder return, calculated on a dividend-reinvested basis, for the Company, the S&P 500 Index and the Dow Jones U.S.
+Added: Technology Supersector Index.
+Added: The graph assumes $100 was invested in each of the Company’s common stock, the S&P 500 Index and the Dow Jones U.S.
Technology Supersector Index as of the market close on September 28, 2018.
Past stock price performance is not necessarily indicative of future stock price performance.
−Removed: * $100 invested on September 29, 2017 in stock or index, including reinvestment of dividends.
−Removed: Data points are the last day of each fiscal year for the Company’s common stock and September 30th for indexes.
−Removed: Copyright © 2022 Standard & Poor’s, a division of S&P Global.
−Removed: All rights reserved.
−Removed: Copyright © 2022 S&P Dow Jones Indices LLC, a division of S&P Global.
−Removed: All rights reserved.
September 2018 September 2019 September 2020 September 2021 September 2022 September 2023
1 unchanged sentence
S&P 500 Index $ 100 $ 104 $ 118 $ 161 $ 136 $ 160
−Removed: $ 100 $ 118 $ 123 $ 142 $ 184 $ 156
−Removed: S&P Information Technology Index
−Removed: $ 100 $ 131 $ 143 $ 210 $ 271 $ 217
Dow Jones U.S.
Technology Supersector Index $ 100 $ 105 $ 154 $ 227 $ 164 $ 226
−Removed: $ 100 $ 131 $ 139 $ 208 $ 283 $ 209
| 2023 Form 10-K | 19
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.