11 unchanged sentences
Under the Plans or Programs (1)
−Removed: July 2, 2023 to August 5, 2023:
+Added: June 30, 2024 to August 3, 2024:
Open market and privately negotiated purchases 35,697 $ 224.11 35,697
−Removed: August 6, 2023 to September 2, 2023:
−Removed: August 2023 ASRs 22,085 (2)
+Added: August 4, 2024 to August 31, 2024:
Open market and privately negotiated purchases 42,910 $ 221.39 42,910
2 unchanged sentences
Total 112,260 $ 89,074
−Removed: (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.
−Removed: 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: (1) As of September 28, 2024, the Company was authorized by the Board to purchase up to $110 billion of the Company’s common stock under a share repurchase program announced on May 2, 2024, of which $20.9 billion had been utilized.
+Added: During the fourth quarter of 2024, the Company also utilized the final $4.1 billion under its previous repurchase program, which was authorized in May 2023.
The programs do not obligate the Company to acquire a minimum amount of shares.
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.
−Removed: (2) In August 2023, the Company entered into new accelerated share repurchase agreements (“ASRs”).
−Removed: 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.
−Removed: 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.
| 2024 Form 10-K | 19
12 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.