12 unchanged sentences
Share Repurchase Program
−Removed: On November 2, 2022, our Board of Directors approved, and we publicly announced, a Share Repurchase Program under which the Company is authorized to repurchase up to $500 million of its outstanding common stock.
−Removed: At December 30, 2023, there was approximately $ 192 million in remaining funds authorized under this program.
−Removed: For the year ended December 30, 2023, the Company repurchased 7,396,224 shares at an aggregate purchase price of approximately $ 294 million under the program.
+Added: On November 2, 2022, our Board of Directors approved, and we publicly announced, a Share Repurchase Program (“Original Share Repurchase Program”) under which the Company was authorized to repurchase up to $500 million of its outstanding common stock.
+Added: Our Board of Directors approved, and on June 5, 2024, the Company announced, an increase in the amount of common stock that could be purchased under the Original Share Repurchase Program to $1 billion inclusive of any remaining funds authorized under the Original Share Repurchase Program (“Amended Share Repurchase Program”).
+Added: As of December 28, 2024, there was approximately $75 million in remaining funds authorized under the Amended Share Repurchase Program.
+Added: For the year ended December 28, 2024, the Company repurchased 16,400,895 shares at an aggregate purchase price of approximately $958 million under the Amended Share Repurchase Program and the Original Share Repurchase Program, inclusive of approximately $10 million of fees, commissions and the related 1% excise tax.
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.
−Removed: Under the Share Repurchase Program, repurchases can be made from time to time using a variety of methods, including open market purchases, privately negotiated transactions, accelerated share repurchases and Rule 10b5-1 trading plans.
−Removed: The Share Repurchase Program does not obligate the Company to acquire any particular amount of shares, and the repurchase program may be suspended or discontinued at any time at the Company’s discretion.
+Added: Under the Amended Share Repurchase Program, repurchases can be made from time to time using a variety of methods, including open market purchases, privately negotiated transactions, accelerated share repurchases and Rule 10b5-1 trading plans.
+Added: The Amended Share Repurchase Program does not obligate the Company to acquire any particular amount of shares, and the repurchase program may be suspended or discontinued at any time at the Company’s discretion.
The repurchase authorization does not have an expiration date.
1 unchanged sentence
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: October 1, 2023 through November 4, 2023 534,846 $ 37.41 534,846 $ 237
−Removed: November 5, 2023 through December 2, 2023 698,397 42.96 698,397 207
+Added: September 29, 2024 through November 2, 2024 2,371,014 $ 61.83 2,371,014 $ 252
+Added: November 3, 2024 through November 30, 2024 2,010,896 66.97 2,010,896 117
December 1, 2024 through December 28, 2024 585,938 71.64 585,938 75
10 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.