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Shareholders' Equity (Tables)
6 Months Ended
Mar. 28, 2015
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)
 

2015:

     

Second quarter

   $ 0.47       $ 2,734   

First quarter

     0.47         2,750   
  

 

 

    

 

 

 

Total cash dividends declared and paid

$ 0.94    $ 5,484   
  

 

 

    

 

 

 
         

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 cash dividends declared and paid

$ 1.82    $ 11,031   
  

 

 

    

 

 

 
Accelerated Share Repurchase Activity and Related Information

The following table shows the Company’s ASR activity and related information during the six months ended March 28, 2015 and the year ended September 27, 2014:

 

                                                                                                   
     Purchase
Period End

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

August 2014 ASR

     February 2015         81,525 (1)       $ 110.40       $ 9,000   

January 2014 ASR

     December 2014         134,247           $ 89.39       $ 12,000   

April 2013 ASR

     March 2014         172,548           $ 69.55       $ 12,000   

 

  (1) 

Includes 59.9 million shares delivered and retired at the beginning of the purchase period, which began in the fourth quarter of 2014, 8.3 million net shares delivered and retired in the first quarter of 2015 and 13.3 million shares delivered and retired at the end of the purchase period, which concluded in the second quarter of 2015.

 
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)
 

2015:

        

Second quarter

     56,400       $ 124.11       $ 7,000   

First quarter

     45,704       $ 109.40         5,000   
  

 

 

       

 

 

 

Total open market common stock repurchases

  102,104    $ 12,000   
  

 

 

       

 

 

 

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 open market common stock repurchases

  286,512    $ 24,000