Shareholders' Equity (Tables)

12 Months Ended

Sep. 30, 2017

Cash Dividends Declared and Paid Per Share

The Company declared and paid cash dividends per share during the periods presented as follows:



	Dividends Per Share		Amount (in millions)
2017:
Fourth quarter	$	0.63	$	3,252
Third quarter	0.63		3,281
Second quarter	0.57		2,988
First quarter	0.57		3,042
Total cash dividends declared and paid	$	2.40	$	12,563
2016:
Fourth quarter	$	0.57	$	3,071
Third quarter	0.57		3,117
Second quarter	0.52		2,879
First quarter	0.52		2,898
Total cash dividends declared and paid	$	2.18	$	11,965

Accelerated Share Repurchase Activity and Related Information

The following table shows the Company’s ASR activity and related information during the years ended September 30, 2017 and September 24, 2016:



	Purchase Period End Date	Number of Shares (in thousands)		Average Repurchase Price Per Share		ASR Amount (in millions)
August 2017 ASR	November 2017	15,069	⁽¹⁾	⁽¹⁾		$	3,000
May 2017 ASR	August 2017	20,108	⁽²⁾	$	149.20	$	3,000
February 2017 ASR	May 2017	20,949		$	143.20	$	3,000
November 2016 ASR	February 2017	51,157		$	117.29	$	6,000
August 2016 ASR	November 2016	26,850		$	111.73	$	3,000
May 2016 ASR	August 2016	60,452		$	99.25	$	6,000
November 2015 ASR	April 2016	29,122		$	103.02	$	3,000

(1)

“Number of Shares” represents those shares delivered at the beginning of the purchase period and does not represent the final number of shares to be delivered under the ASR. The total number of shares ultimately delivered, and therefore the average repurchase price paid per share, will be determined at the end of the purchase period based on the volume-weighted average price of the Company’s common stock during that period. The August 2017 ASR purchase period will end in November 2017.


(2)	Includes 15.6 million shares delivered and retired at the beginning of the purchase period, which began in the third quarter of 2017, and 4.5 million shares delivered and retired at the end of the purchase period, which concluded in the fourth quarter of 2017.

Repurchases of Common Shares in Open Market

Additionally, the Company repurchased shares of its common stock in the open market, which were retired upon repurchase, during the periods presented as follows:



	Number of Shares (in thousands)	Average Repurchase Price Per Share		Amount (in millions)
2017:
Fourth quarter	29,073	$	154.78	$	4,500
Third quarter	30,356	$	148.24	4,500
Second quarter	31,070	$	128.74	4,001
First quarter	44,333	$	112.78	5,000
Total open market common stock repurchases	134,832			$	18,001
2016:
Fourth quarter	28,579	$	104.97	$	3,000
Third quarter	41,238	$	97.00	4,000
Second quarter	71,766	$	97.54	7,000
First quarter	25,984	$	115.45	3,000
Total open market common stock repurchases	167,567			$	17,000