−Removed: Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities
+Added: Unregistered Sales of Equity Securities and Use of Proceeds
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
−Removed: Share repurchase activity during the three months ended July 1, 2023 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 December 30, 2023 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: April 2, 2023 to May 6, 2023:
+Added: October 1, 2023 to November 4, 2023:
+Added: August 2023 ASRs
Open market and privately negotiated purchases 45,970 $ 174.03 45,970
−Removed: 38,121 $ 165.46 38,121
−Removed: May 7, 2023 to June 3, 2023:
+Added: November 5, 2023 to December 2, 2023:
Open market and privately negotiated purchases 33,797 $ 187.14 33,797
−Removed: 21,876 $ 174.91 21,876
−Removed: June 4, 2023 to July 1, 2023:
+Added: December 3, 2023 to December 30, 2023:
Open market and privately negotiated purchases 31,782 $ 194.29 31,782
−Removed: 42,676 $ 184.34 42,676
Total 118,047 $ 53,569
−Removed: (1) On April 28, 2022, the Board of Directors authorized the purchase of an additional $90 billion of the Company’s common stock under a share repurchase program.
−Removed: As of July 1, 2023, remaining availability under the April 2022 authorization was $4.6 billion.
−Removed: On May 4, 2023, the Board of Directors authorized an additional program to repurchase up to $90 billion of the Company’s common stock.
−Removed: The programs do not obligate the Company to acquire a minimum amount of shares.
−Removed: 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: (1) As of December 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 $36.4 billion had been utilized.
+Added: The program does not obligate the Company to acquire a minimum amount of shares.
+Added: Under the program, 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 accelerated share repurchase agreements (“ASRs”) to purchase up to a total of $5.0 billion of the Company’s common stock.
+Added: In October 2023, the purchase periods for these ASRs ended and an additional 6 million shares were delivered and retired.
+Added: In total, 29 million shares were delivered under these ASRs at an average repurchase price of $174.93 per share.
+Added: | Q1 2024 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.