Shareholders' Equity

6 Months Ended

Apr. 13, 2014

Equity [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

Shareholders’ Equity

Dividends per Common Share

The following table provides a summary of dividends declared per common share during fiscal year 2014 to date and fiscal year 2013 (in millions, except per share amounts):

Date of declaration	Dividend per common share		Date of record	Date of payment	Total amount
Fiscal year 2014:
November 1, 2013	$	0.12	January 17, 2014	January 28, 2014	$	45
February 24, 2014(1)	0.12		April 11, 2014	April 22, 2014	45
Fiscal year 2013:
November 29, 2012	$	1.00	December 10, 2012	December 21, 2012	$	371
November 7, 2012	0.10		January 18, 2013	January 29, 2013	37
March 15, 2013	0.10		April 12, 2013	April 23, 2013	37
June 12, 2013	0.10		July 5, 2013	July 16, 2013	37
September 10, 2013	0.10		September 27, 2013	October 8, 2013	37

⁽¹⁾ Dividend accrued at April 13, 2014

Treasury Stock

The following table outlines the share repurchase programs authorized by the Company’s Board of Directors, and the related repurchase activity as of April 13, 2014 (in millions):

Authorization date	Expiration date	Amount authorized		Cost of repurchases		Authorization available
November 15, 2012	December 31, 2014	$	300	$	117	$	183
November 1, 2013	December 31, 2015	500		—		500
		$	800	$	117	$	683

Share repurchase activity for the periods indicated was as follows (in millions, except per share amounts):

	Twelve weeks ended				Twenty-eight weeks ended
	April 13, 2014		April 14, 2013		April 13, 2014		April 14, 2013
Number of common shares acquired	1.0		0.9		2.1		1.4
Average price per common share acquired	$	52.86	$	43.46	$	54.50	$	44.48
Total cost of common shares acquired	$	55	$	37	$	117	$	63

Subsequent to the end of the second quarter of fiscal year 2014, the Company repurchased approximately 9.1 million shares of the Company’s common stock at an average price per share of $39.45 for a total of approximately $361 million.

Under the repurchase programs, purchases can be made from time to time using a variety of methods, including open market purchases. The specific timing, price and size of purchases will depend on prevailing stock prices, general economic conditions and market conditions, and other considerations. Purchases may be made through a Rule 10b5-1 plan pursuant to pre-determined metrics set forth in such plan. The Board’s authorization of the repurchase programs does not obligate the Company to acquire any particular amount of common stock and they may be suspended or discontinued at any time at the Company’s discretion.