Item 2. Unregistered Sales of Equity Securities
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
The following table presents the total number of shares of common stock purchased during the first quarter of fiscal 2027, the average price paid per share, the total number of shares that were purchased as part of a publicly announced repurchase program, and the approximate dollar value of the maximum number of shares that may yet be purchased under the share repurchase program:
Period
Total Number of Shares Purchased
Average Price Paid per Share
Total Number of Shares Purchased as Part of Publicly Announced Program 1
Approximate Dollar Value of Shares that May Yet Be Purchased Under the Program 1
June 1, 2026 through June 28, 2026
—
$
—
—
$
837,578,000
June 29, 2026 through July 26, 2026
—
$
—
—
$
837,578,000
July 27, 2026 through August 30, 2026
2,662,660
$
16.52
2,662,660
$
793,578,000
Total Fiscal 2027 First Quarter Activity
2,662,660
$
16.52
2,662,660
$
793,578,000
1 The Board approved a share repurchase program authorizing the Company to purchase shares of its common stock in December 2003, which share repurchase authorization has been subsequently increased from time to time. On June 27, 2018, we announced that the Board increased the amount of the share repurchase authorization by $1.0 billion. As of August 30, 2026, approximately $793.6 million of our common stock remained available for purchase under this authorization, which has no expiration. Under the share repurchase authorization, we may repurchase our shares periodically over several years, depending on market conditions and other factors, and may do so in open market purchases or privately negotiated transactions.
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