1 unchanged sentence
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
−Removed: Share repurchase activity during the three months ended June 29, 2024 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 28, 2024 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: March 31, 2024 to May 4, 2024:
+Added: September 29, 2024 to November 2, 2024:
Open market and privately negotiated purchases 41,627 $ 229.51 41,627
−Removed: May 5, 2024 to June 1, 2024:
+Added: November 3, 2024 to November 30, 2024:
Open market and privately negotiated purchases 32,784 $ 227.13 32,784
−Removed: June 2, 2024 to June 29, 2024:
+Added: December 1, 2024 to December 28, 2024:
Open market and privately negotiated purchases 25,379 $ 248.05 25,379
Total 99,790 $ 65,779
−Removed: (1) On May 4, 2023, the Board of Directors authorized the purchase of up to $90 billion of the Company’s common stock under a share repurchase program.
−Removed: As of June 29, 2024, remaining availability under the May 2023 program was $4.1 billion.
−Removed: On May 2, 2024, the Board of Directors authorized an additional program to repurchase up to $110 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 28, 2024, the Company was authorized by the Board of Directors to purchase up to $110 billion of the Company’s common stock under a share repurchase program announced on May 2, 2024, of which $44.2 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: | Q1 2025 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.