2 unchanged sentences
On November 2, 2022, our Board of Directors approved a share repurchase program under which the Company is authorized to repurchase up to $500 million of its outstanding common stock.
−Removed: At April 1, 2023, there was approximately $452 million in remaining funds authorized under this program.
−Removed: For the 13 weeks ended April 1, 2023 the Company repurchased 917,704 shares at an aggregate purchase price of approximately $34 million under the program.
+Added: As of July 1, 2023, there was approximately $286 million in remaining funds authorized under this program.
+Added: For the 13 weeks ended July 1, 2023 the Company repurchased 4,179,757 shares at an aggregate purchase price of approximately $166 million under the program.
+Added: During the 26 weeks ended July 1, 2023, the Company repurchased 5,097,461 shares at an aggregate price of approximately $200 million under the program.
+Added: Additionally, during the 26 weeks ended July 1, 2023, the Company recorded $2 million of excise tax associated with common stock repurchases.
+Added: The following table summarizes repurchases of US Foods common stock for the three periods ended July 1, 2023:
+Added: Period (Millions of dollars, except number and price per share) Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Program Approximate Dollar Value of Shares that May Yet Be Purchased Under the Program (1)
+Added: April 2, 2023 through May 6, 2023 — — — $ 452
+Added: May 7, 2023 through June 3, 2023 3,916,058 $ 39.51 3,916,058 297
+Added: June 4, 2023 through July 1, 2023 263,699 41.41 263,699 $ 286
+Added: Total 4,179,757 $ 39.63 4,179,757
1 The size and timing of any repurchases will depend on a number of factors, including share price, general business and market conditions and other factors.
2 unchanged sentences
The repurchase authorization does not have an expiration date.
−Removed: The following table summarizes repurchases of US Foods common stock for the three periods ended April 1, 2023:
−Removed: Period (Millions of dollars, except number and price per share) Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Program Approximate Dollar Value of Shares that May Yet Be Purchased Under the Program
−Removed: January 1, 2023 through February 4, 2023 508,978 $ 36.44 $ 508,978 $ 468
−Removed: February 5, 2023 through March 4, 2023 408,726 38.00 408,726 452
−Removed: March 5, 2023 through April 1, 2023 — — — $ 452
−Removed: Total 917,704 $ 37.14 917,704
Defaults Upon Senior Securities
2 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.