1 unchanged sentence
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
−Removed: 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):
+Added: Share repurchase activity during the three months ended March 29, 2025 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: September 29, 2024 to November 2, 2024:
+Added: December 29, 2024 to February 1, 2025:
Open market and privately negotiated purchases 36,809 $ 235.43 36,809
−Removed: November 3, 2024 to November 30, 2024:
+Added: February 2, 2025 to March 1, 2025:
Open market and privately negotiated purchases 31,856 $ 238.07 31,856
−Removed: December 1, 2024 to December 28, 2024:
+Added: March 2, 2025 to March 29, 2025:
Open market and privately negotiated purchases 39,455 $ 221.77 39,455
Total 108,120 $ 40,779
−Removed: (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.
−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 or open market transactions, including under plans complying with Rule 10b5-1 under the Exchange Act.
−Removed: | Q1 2025 Form 10-Q | 20
+Added: (1) As of March 29, 2025, 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 $69.2 billion had been utilized.
+Added: On May 1, 2025, the Company announced the Board of Directors had authorized an additional program to repurchase up to $100 billion of the Company’s common stock.
+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.
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.