6 unchanged sentences
Issuer Purchases of Equity Securities
−Removed: Below is a summary of stock repurchases for the three months ended December 1, 2023.
+Added: Below is a summary of stock repurchases for the three months ended November 29, 2024.
See Note 14 of our Notes to Consolidated Financial Statements for information regarding our stock repurchase programs.
−Removed: Total Number of Shares
−Removed: Repurchased Average
+Added: Period Total Number of Shares Repurchased
+Added: Average Price Paid Per Share
+Added: Total Number of Shares Purchased as Part of Publicly Announced Plans
+Added: Approximate Dollar Value that May Yet be Purchased Under the Plans (1)
(in millions, except average price per share)
Beginning repurchase authority $ 20,150
−Removed: September 2 — September 29, 2023
−Removed: Shares repurchased 0.6 $ 538.26 0.6 $ (333)
+Added: August 31—September 27, 2024
+Added: Accelerated share repurchases (2),(3)
+Added: 4.6 $ — 4.6 $ (2,500) (3)
September 28—October 25, 2024
Shares repurchased — $ — — $ —
−Removed: October 28 — December 1, 2023
+Added: October 26—November 29, 2024
Shares repurchased — $ — — $ —
1 unchanged sentence
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−Removed: (1) In December 2020, the Board of Directors granted authority to repurchase up to $15 billion in our common stock through the end of fiscal 2024.
−Removed: (2) In September 2023, we entered into a structured stock repurchase agreement with a large financial institution whereupon we provided them with a prepayment of $1 billion.
−Removed: As of December 1, 2023, approximately $354 million of the prepayment remained under this agreement.
+Added: (1) In March 2024, our Board of Directors granted authority to repurchase up to $25 billion in our common stock through March 14, 2028.
+Added: (2) In June 2024, we entered into an accelerated share repurchase agreement (“ASR”) with a large financial institution whereupon we provided them with a prepayment of $2.5 billion and received an initial delivery of shares at contract inception representing a portion of the prepayment.
+Added: Upon final settlement of this ASR in September 2024, we received an incremental delivery of 1.0 million shares of our common stock.
+Added: Under this ASR, we repurchased a total of 4.6 million shares at an average price of $546.30.
+Added: (3) In September 2024, we entered into an ASR with a large financial institution whereupon we provided them with a prepayment of $2.5 billion and received an initial delivery of 3.6 million shares of our common stock at contract inception, representing a portion of the prepayment.
+Added: Subsequent to November 29, 2024, this ASR was settled which resulted in total repurchases of 5.0 million shares at an average price of $501.37.
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.