1 unchanged sentence
On September 20, 2016, our Board of Directors authorized a $5 billion share repurchase program (2016 Program).
−Removed: We began repurchasing shares under this authorization during the fourth quarter of 2016.
On September 19, 2019, our Board of Directors authorized a new $5 billion share repurchase program (2019 Program).
−Removed: We will begin repurchasing shares under the 2019 Program upon completion of the 2016 Program.
+Added: We began repurchasing shares under the 2019 Program during the first quarter of 2020 upon completion of the 2016 Program.
There is no stated expiration for the share repurchase programs.
−Removed: Under the 2016 Program, we have repurchased 59.4 million shares of common stock through November 2, 2019 , at an average price of $71.90, for a total investment of $4.3 billion, excluding the October 2019 ASR because the transaction was not fully settled as of November 2, 2019.
−Removed: The table below presents information with respect to Target common stock purchases made during the three months ended November 2, 2019 , by Target or any "affiliated purchaser" of Target, as defined in Rule 10b-18(a)(3) under the Exchange Act.
−Removed: Share Repurchase Activity
−Removed: Total Number of
+Added: Under the 2016 Program, we repurchased 65.6 million shares of common stock, at an average price of $76.20, for a total investment of $5.0 billion.
+Added: Under the 2019 Program, we had repurchased 4.6 million shares of common stock through May 2, 2020, at an average price of $105.80, for a total investment of $484 million.
+Added: In March 2020, we suspended share repurchase activity.
+Added: The table below presents information with respect to Target common stock purchases made during the three months ended May 2, 2020, by Target or any "affiliated purchaser" of Target, as defined in Rule 10b-18(a)(3) under the Exchange Act.
+Added: Share Repurchase Activity Total Number
+Added: Purchased Average
+Added: Share Total Number of
Shares Purchased
−Removed: as Part of Publicly Announced Programs
−Removed: Dollar Value of
+Added: as Part of Publicly Announced Programs Dollar Value of
Shares that May
1 unchanged sentence
Under Publicly Announced Programs
−Removed: August 4, 2019, through August 31, 2019
−Removed: Open market and privately negotiated purchases
−Removed: September 1, 2019, through October 5, 2019
+Added: February 2, 2020 through February 29, 2020
Open market and privately negotiated purchases
2,407,239 $ 115.82 2,407,239 $ 4,845,973,069
−Removed: October 6, 2019, through November 2, 2019
+Added: March 1, 2020 through April 4, 2020
Open market and privately negotiated purchases
3,249,973 101.48 3,249,973 4,516,156,869
−Removed: October 2019 ASR (a)
−Removed: 5,279,905,915
+Added: April 5, 2020 through May 2, 2020
+Added: Open market and privately negotiated purchases
— — — 4,516,156,869
−Removed: Refer to Note 7 of the Consolidated Financial Statements for further details about the ASR arrangement.
+Added: Total 5,657,212 $ 107.58 5,657,212 $ 4,516,156,869
Defaults Upon Senior Securities
3 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.