1 unchanged sentence
On August 11, 2021, our Board of Directors authorized a $15 billion share repurchase program with no stated expiration.
−Removed: Under the program, we have repurchased 11.3 million shares of common stock at an average price of $236.64, for a total investment of $2.7 billion, excluding the March 2022 ASR because the transaction was not fully settled as of April 30, 2022.
−Removed: The table below presents information with respect to Target common stock purchases made during the three months ended April 30, 2022, by Target or any "affiliated purchaser" of Target, as defined in Rule 10b-18(a)(3) under the Exchange Act.
+Added: Under the program, we have repurchased 23.8 million shares of common stock at an average price of $223.52, for a total investment of $5.3 billion.
+Added: The table below presents information with respect to Target common stock purchases made during the three months ended July 30, 2022, by Target or any "affiliated purchaser" of Target, as defined in Rule 10b-18(a)(3) under the Exchange Act.
Share Repurchase Activity Total Number
6 unchanged sentences
Under Publicly Announced Programs
−Removed: January 30, 2022 through February 26, 2022
+Added: May 1, 2022 through May 28, 2022
Open market and privately negotiated purchases — $ — — $ 12,316,056,660
−Removed: February 27, 2022 through April 2, 2022
+Added: May 29, 2022 through July 2, 2022
Open market and privately negotiated purchases — — — 12,316,056,660
March 2022 ASR (a)
−Removed: 8,886,661 TBD 8,886,661 12,316,056,660
−Removed: April 3, 2022 through April 30, 2022
+Added: 3,569,904 211.58 3,569,904 9,680,505,231
+Added: July 3, 2022 through July 30, 2022
Open market and privately negotiated purchases — — — 9,680,505,231
−Removed: Total 8,934,595 TBD 8,934,595 $ 12,316,056,660
−Removed: (a) Refer to Note 8 of the Consolidated Financial Statements for further details about the ASR arrangement.
+Added: Total 3,569,904 $ 211.58 3,569,904 $ 9,680,505,231
+Added: (a) Represents the incremental shares received upon final settlement of the accelerated share repurchase (ASR) agreement initiated in first quarter 2022.
+Added: $211.58 represents the average price paid per share for the 12.5 million total shares repurchased under the ASR, which consists of the 8.9 million shares initially delivered in first quarter 2022 and the 3.6 million shares received upon final settlement in second quarter 2022.
+Added: Note 9 to the Financial Statements provides additional information.
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.