10 unchanged sentences
or Programs (1)
−Removed: December 31, 2023 to January 27, 2024
−Removed: January 28, 2024 to March 2, 2024
−Removed: November 2023 Accelerated Share Repurchase (2)
−Removed: March 3, 2024 to March 30, 2024
−Removed: (1) On May 13, 2014, we announced a new capital allocation philosophy that covered both the quarterly dividend rate as well as a share repurchase program.
+Added: March 31, 2024 to April 27, 2024
+Added: April 28, 2024 to June 1, 2024
+Added: June 2, 2024 to June 29, 2024
+Added: (1) In May 2014, we announced a new capital allocation philosophy that covered a share repurchase program.
The Board of Directors at that time authorized the purchase of up to $500.0 million of the Company’s outstanding common stock from time to time over twelve months at prevailing market prices, through open market or privately negotiated transactions.
−Removed: On February 24, 2015, and again on October 31, 2018, the Board of Directors authorized an additional purchase of up to $250.0 million of the Company’s outstanding common stock with no stated expiration date.
−Removed: On February 27, 2023, the Board of Directors increased the amount remaining under the program by an additional $400.0 million, with no stated expiration date, bringing the total authorization to $1,400.0 million.
−Removed: As of March 30, 2024, we have acquired 7,991,948 shares for approximately $1,263.9 million under this share repurchase program.
−Removed: (2) In November 2023, we entered into an accelerated purchase agreement to repurchase $120.0 million of our outstanding common stock (“November 2023 ASR”) with CitiBank, N.A.
−Removed: as counterparty.
−Removed: The November 2023 ASR was entered into under our previously announced share repurchase program described above.
−Removed: The Company pre-paid $120.0 million in the fourth quarter of fiscal 2023 and received an initial delivery of 438,917 shares of common stock.
−Removed: The agreement was settled with the delivery of an additional 96,224 shares of common stock in the first quarter of fiscal 2024.
−Removed: The total number of shares ultimately delivered under the November 2023 ASR, and therefore the average purchase price paid per share of $224.24, was determined based on the volume-weighted average market price of our common stock during the term of the agreement, less a discount.
+Added: In February 2015, and again in October 2018, the Board of Directors authorized an additional purchase of up to $250.0 million of the Company’s outstanding common stock with no stated expiration date.
+Added: In February 2023, the Board of Directors increased the amount remaining under the program by an additional $400.0 million, with no stated expiration date, bringing the total authorization to $1,400.0 million.
+Added: As of June 29, 2024, we have acquired 8,051,134 shares for approximately $1,278.8 million under this share repurchase program.
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.