Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Shares of common stock repurchased by the Company during the quarter ended May 9, 2020 were as follows:
Issuer Repurchases of Equity Securities
Total Number of
Maximum Dollar
Shares Purchased as
Value that May Yet
Total Number
Average
Part of Publicly
Be Purchased Under
of Shares
Price Paid
Announced Plans or
the Plans or
Period
Purchased
per Share
Programs
Programs
February 16, 2020 to March 14, 2020
146,007
$
1,068.15
146,007
$
805,989,923
March 15, 2020 to April 11, 2020
10,028
1,007.18
10,028
795,889,909
April 12, 2020 to May 9, 2020
—
—
—
795,889,909
Total
156,035
$
1,064.23
156,035
$
795,889,909
During 1998, we announced a program permitting us to repurchase a portion of our outstanding shares not to exceed a dollar maximum established by our Board of Directors. This program was most recently amended on October 7, 2019 to increase the repurchase authorization by $1.25 billion. This brings the total value of shares to be repurchased to $23.15 billion. All of the above repurchases were part of this program.
During the twelve week period ended May 9, 2020, we temporarily ceased share repurchases under our share repurchase program to conserve liquidity in response to the uncertainty related to COVID-19, and we will continue to evaluate current and expected business conditions and resume share repurchases under our share repurchase program when we deem appropriate.
Item 3. Defaults Upon Senior Securities
Not applicable.
Item 4. Mine Safety Disclosures
Not applicable.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.