SUBSEQUENT EVENTS

6 Months Ended

Aug. 13, 2016

SUBSEQUENT EVENTS.

SUBSEQUENT EVENTS

12. SUBSEQUENT  EVENTS

On September 2, 2016, the Company closed its merger with Modern HC Holdings, Inc. (“ModernHEALTH”) by purchasing all outstanding shares of ModernHEALTH for approximately $390.  The Company financed the transaction with commercial paper and is in the process of determining the purchase price allocation.  ModernHEALTH is a leading specialty pharmacy.

On June 22, 2016, the Board of Directors approved a $500 share repurchase program.  On September 15, 2016, the Board of Directors approved an additional $500 share repurchase authority to supplement the June 2016 program (together, the “2016 Share Repurchase Programs”).  During the third quarter of 2016, the Company used an additional $124 of cash to repurchase 4 million common shares at an average price of $30.89 per share.  As of September 20, 2016, the Company has $876 remaining under the 2016 Share Repurchase Programs.