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STOCK
12 Months Ended
Feb. 03, 2018
STOCK  
STOCK

14.STOCK

 

Preferred Shares

 

The Company has authorized five million shares of voting cumulative preferred shares; two million shares were available for issuance at February 3, 2018.  The shares have a par value of $100 per share and are issuable in series.

 

Common Shares

 

The Company has authorized two billion common shares, $1 par value per share.

 

On June 25, 2015, the Company’s Board of Directors approved a two-for-one stock split of The Kroger Co.’s common shares in the form of a 100% stock dividend, which was effective July 13, 2015.  All share and per share amounts in the Company’s Consolidated Financial Statements and related notes have been retroactively adjusted to reflect the stock split for all periods presented.

 

Common Stock Repurchase Program

 

The Company maintains stock repurchase programs that comply with Rule 10b5-1 of the Securities Exchange Act of 1934 to allow for the orderly repurchase of The Kroger Co. common shares, from time to time.  The Company made open market purchases totaling $1,567,  $1,661 and $500 under these repurchase programs in 2017, 2016 and 2015, respectively.  In addition to these repurchase programs, in December 1999, the Company began a program to repurchase common shares to reduce dilution resulting from its employee stock option plans.  This program is solely funded by proceeds from stock option exercises and the related tax benefit.  The Company repurchased approximately $66,  $105 and $203 under the stock option program during 2017, 2016 and 2015, respectively.