21 unchanged sentences
November 26, 2022 - December 30, 2022 585 208.75 — 21,427,480,025
−Removed: January 1, 2022 - January 28, 2022 3
+Added: December 31, 2022 - February 3, 2023 4
4,015,907 204.87 4,008,843 20,727,480,160
−Removed: As of January 28, 2022 16,141,406 $ 248.07 16,124,966 $ 19,727,849,966
+Added: As of February 3, 2023 9,972,110 $ 200.72 9,964,163 $ 20,727,480,160
1 The total number of shares purchased includes shares withheld from employees to satisfy either the exercise price of stock options or the statutory withholding tax liability upon the vesting of share-based awards.
2 On December 7, 2022, the Company announced that its Board of Directors authorized an additional $15.0 billion of share repurchases, in addition to the $13.0 billion of share repurchases authorized by the Board of Directors in December 2021, with no expiration.
+Added: 3 As of January 1, 2023, the Company’s share repurchases in excess of issuances are subject to a 1% excise tax enacted by the Inflation Reduction Act.
+Added: Any excise tax incurred on share repurchases is recognized as part of the cost basis of the shares acquired in the consolidated statements of shareholders’ (deficit)/equity.
4 In November 2022, the Company entered into an Accelerated Share Repurchase (ASR) agreement with a third-party financial institution to repurchase the Company’s common stock.
−Removed: 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: At inception, pursuant to the agreement, the Company paid $530 million to the financial institution and received an initial delivery of 2.0 million shares.
In January 2023, prior to the end of the fiscal year, the Company finalized the transaction and received an additional 0.6 million shares.
4 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.