Stock Repurchase Program

3 Months Ended

Nov. 19, 2016

Equity [Abstract]

Stock Repurchase Program

Note I – Stock Repurchase Program

From January 1, 1998 to November 19, 2016, the Company has repurchased a total of 141.3 million shares of its common stock at an aggregate cost of $17.117 billion, including 477,736 shares of its common stock at an aggregate cost of $362.6 million during the twelve week period ended November 19, 2016. On September 22, 2016, the Board voted to increase the authorization by $750 million. This raised the total value of shares authorized to be repurchased to $17.9 billion. Considering the cumulative repurchases as of November 19, 2016, the Company had $782.7 million remaining under the Board’s authorization to repurchase its common stock. Subsequent to November 19, 2016, the Company has repurchased 90,675 shares of its common stock at an aggregate cost of $70.8 million.