2 unchanged sentences
In April 2018, the Company’s Board of Directors authorized a stock repurchase program under which the Company may purchase up to $2.0 billion of the Company’s Common Stock during the three-year period ending April 24, 2021 (the “2018 Stock Repurchase Program”) in accordance with the requirements of Rule 10b-18 of the Securities Exchange Act of 1934, as amended.
−Removed: During the three months ended March 31, 2020, the Company repurchased 2.7 million shares of its Common Stock for $257.2 million under the 2018 Stock Repurchase Program.
−Removed: All of the repurchases during the first three months of 2020 have been retired by the Company.
−Removed: The Company has not repurchased any additional shares of its Common Stock from April 1, 2020 to April 21, 2020, and has remaining authorization to purchase up to $587.9 million of its Common Stock under the 2018 Stock Repurchase Program.
−Removed: The price and timing of any future purchases under the 2018 Stock Repurchase Program will depend on factors such as levels of cash generation from operations, the volume of stock option exercises by employees, cash requirements for acquisitions, dividends, economic and market conditions and stock price.
−Removed: The table below reflects the Company’s stock repurchases for the three months ended March 31, 2020:
+Added: The Company did not repurchase any of its Common Stock during the three months ended June 30, 2020.
+Added: The Company has not repurchased any additional shares of its Common Stock from July 1, 2020 to July 21, 2020, and has remaining authorization to purchase up to $587.9 million of its Common Stock under the 2018 Stock Repurchase Program.
+Added: The price and timing of any future purchases under the 2018 Stock Repurchase Program will depend on a number of factors such as levels of cash generation from operations, the level of uncertainty relating to the COVID-19 pandemic, the volume of stock option exercises by employees, cash requirements for acquisitions, dividends, economic and market conditions and stock price.
+Added: The table below reflects the Company’s stock repurchases for the three months ended June 30, 2020:
Total Number of
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Plans or Programs
−Removed: January 1 to January 31, 2020
−Removed: February 1 to February 29, 2020
−Removed: March 1 to March 31, 2020
+Added: April 1 to April 30, 2020
+Added: May 1 to May 31, 2020
+Added: June 1 to June 30, 2020
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.