XML 62 R16.htm IDEA: XBRL DOCUMENT v2.4.1.9
Stock Repurchase Program
9 Months Ended
May 09, 2015
Equity [Abstract]  
Stock Repurchase Program

Note I – Stock Repurchase Program

From January 1, 1998 to May 9, 2015 the Company has repurchased a total of 138.3 million shares at an aggregate cost of $14.872 billion, including 1,376,933 shares of its common stock at an aggregate cost of $840.9 million during thirty-six week period ended May 9, 2015. On March 24, 2015, the Board voted to increase the authorization by $750 million to raise the cumulative share repurchase authorization from $14.9 billion to $15.65 billion. Considering the cumulative repurchases as of May 9, 2015 the Company had $778.3 million remaining under the Board’s authorization to repurchase its common stock.

Subsequent to May 9, 2015 the Company has repurchased 453,006 shares of its common stock at an aggregate cost of $308.5 million.

During the thirty-six week period ended May 9, 2015, the Company retired 2.1 million shares of treasury stock which had previously been repurchased under the Company’s share repurchase program. The retirement increased Retained deficit by $1.050 billion and decreased Additional paid-in capital by $57.4 million. During the comparable prior year period, the Company retired 3.2 million shares of treasury stock, which increased Retained deficit by $1.220 billion and decreased Additional paid-in capital by $74.0 million.