6 unchanged sentences
The following table and graph compare the total returns (assuming reinvestment of dividends) of the Company’s common stock, the S&P 500 Index (S&P 500) and the S&P Retailing Industry Group Index (S&P Retail Index).
−Removed: The graph assumes $100 invested on January 29, 2016 in the Company’s common stock and each of the indices.
+Added: The graph assumes $100 invested on February 3, 2017 in the Company’s common stock and each of the indices.
2/3/2017 2/2/2018 2/1/2019 1/31/2020 1/29/2021 1/28/2022
10 unchanged sentences
October 30, 2021 - November 26, 2021 3
−Removed: November 28, 2020 - January 1, 2021 2,086 162.37 — 19,717,617,201
+Added: 12,081,035 $ 248.99 12,080,454 $ 7,307,846,188
+Added: November 27, 2021 - December 31, 2021 1,147 253.46 — 20,307,846,188
January 1, 2022 - January 28, 2022 3
+Added: 4,059,224 245.34 4,044,512 19,727,849,966
As of January 28, 2022 16,141,406 $ 248.07 16,124,966 $ 19,727,849,966
1 unchanged sentence
2 On December 15, 2021, the Company announced that its Board of Directors authorized an additional $13.0 billion of share repurchases, in addition to the $15.0 billion of share repurchases authorized by the Board of Directors in December 2020, with no expiration.
−Removed: Item 6 - Selected Financial Data
−Removed: Selected Statement of Earnings Data
−Removed: (In millions, except per share data)
−Removed: Net sales $ 89,597 $ 72,148 $ 71,309 $ 68,619 $ 65,017
−Removed: Gross margin 29,572 22,943 22,908 22,434 21,674
−Removed: Operating income 9,647 6,314 4,018 6,586 5,846
−Removed: Net earnings 5,835 4,281 2,314 3,447 3,093
−Removed: Basic earnings per common share 7.77 5.49 2.84 4.09 3.48
−Removed: Diluted earnings per common share 7.75 5.49 2.84 4.09 3.47
−Removed: Dividends per share $ 2.30 $ 2.13 $ 1.85 $ 1.58 $ 1.33
−Removed: Selected Balance Sheet Data
−Removed: Total assets 3
−Removed: $ 46,735 $ 39,471 $ 34,508 $ 35,291 $ 34,408
−Removed: Long-term debt, excluding current maturities
−Removed: $ 20,668 $ 16,768 $ 14,391 $ 15,564 $ 14,394
−Removed: 1 Effective February 3, 2018, the Company adopted ASU 2014-09, Revenue from Contracts with Customers (Topic 606), and all related amendments, using the modified retrospective method.
−Removed: Therefore, results for reporting periods beginning after February 2, 2018 are presented under ASU 2014-09, while comparative prior period amounts have not been restated and continue to be presented under accounting standards in effect in those periods.
−Removed: 2 Fiscal 2016 contained 53 weeks, while all other years contained 52 weeks.
−Removed: 3 Effective February 2, 2019, the Company adopted ASU 2016-02, Leases (Topic 842), and all related amendments, using the optional transition approach to not restate comparative periods and recognized the cumulative impact of adoption in the opening balance of retained earnings.
−Removed: Therefore, results for reporting periods beginning after February 1, 2019 are presented under ASU 2016-02, while comparative prior period amounts have not been restated and continue to be presented under accounting standards in effect in those periods.
+Added: 3 In November 2021, the Company entered into an Accelerated Share Repurchase (ASR) agreement with a third-party financial institution to repurchase the Company’s common stock.
+Added: At inception, pursuant to the agreement, the Company paid $3.0 billion to the financial institution and received an initial delivery of 10.3 million shares.
+Added: In January 2022, prior to the end of the fiscal year, the Company finalized the transaction and received an additional 1.6 million shares.
+Added: The average price paid per share in settlement of the ASR agreement included in the table above was determined with reference to the volume-weighted average price of the Company’s common stock over the term of the ASR agreement.
+Added: See Note 1 0 to the consolidated financial statements included herein for additional information regarding share repurchases.
+Added: Item 6 - Reserved
+Added: Not applicable.
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.