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Shareholders' Equity (Tables)
 12 Months Ended
Sep. 27, 2014
Cash Dividends Declared and Paid Per Common Share

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

 

     Dividends
Per Share		      Amount
(in millions)		  
2014:      

Fourth quarter

    $ 0.47       $ 2,807   

Third quarter

      0.47         2,830   

Second quarter

      0.44         2,655   

First quarter

      0.44         2,739   
  

 

 

     

 

 

  

Total

    $ 1.82       $ 11,031   
  

 

 

     

 

 

  
2013:      

Fourth quarter

    $ 0.44       $ 2,763   

Third quarter

      0.44         2,789   

Second quarter

      0.38         2,490   

First quarter

      0.38         2,486   
  

 

 

     

 

 

  

Total

    $ 1.64       $ 10,528   
  

 

 

     

 

 

  
Accelerated Share Repurchase Arrangements

The following table presents the Company’s ASRs:

 

     Purchase
Period End
Date		     Number of
Shares
(in thousands)		     Average
Repurchase
Price Per
Share		     ASR
Amount
(in millions)		  

August 2014 ASR

           (1)      59,924  (1)           (1)    $ 9,000   

January 2014 ASR

           (1)      134,247  (1)           (1)    $ 12,000   

April 2013 ASR

      March 2014        172,548  (2)    $ 69.55      $ 12,000   

August 2012 ASR

      April 2013        28,544      $ 68.31      $ 1,950   

 

  (1)

“Number of Shares” represents those shares delivered in advance of settlement and does not represent the final number of shares to be delivered under the ASRs. The total number of shares ultimately delivered, and therefore the average repurchase price paid per share, will be determined at the end of the applicable purchase period based on the volume weighted-average price of the Company’s common stock during that period. The August 2014 ASR and January 2014 ASR purchase periods will end in or before February 2015 and December 2014, respectively.

  

 

  (2)

Includes 8.0 million shares that were delivered and retired at the end of the purchase period, which concluded in the second quarter of 2014.

  
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)		  
2014:         

Fourth quarter

      81,255       $ 98.46       $ 8,000   

Third quarter

      58,661       $ 85.23         5,000   

Second quarter

      79,749       $ 75.24         6,000   

First quarter

      66,847       $ 74.79         5,000   
  

 

 

        

 

 

  

Total

      286,512          $ 24,000   
  

 

 

        

 

 

  
        
2013:         

Fourth quarter

      73,064       $ 68.43       $ 5,000   

Third quarter

      62,676       $ 63.82         4,000   

Second quarter

      0       $ 0         0   

First quarter

      0       $ 0         0   
  

 

 

        

 

 

  

Total

      135,740          $ 9,000