Equity

3 Months Ended

Feb. 13, 2022

Equity [Abstract]

Stockholders' equity

Note 5—Equity

Dividends

The Company’s current quarterly dividend is $0.79 per share, compared to $0.70 in the second quarter of 2021. On January 20, 2022, the Board of Directors declared a quarterly cash dividend in the amount of $0.79 per share, which was paid on February 18, 2022.

Share Repurchase Program

The Company's share repurchase program is conducted under a $4,000 authorization by the Board of Directors, which expires in April 2023. The remaining amount available under the approved plan was $3,132 at February 13, 2022. Share repurchase activity during the second quarter of 2022 and 2021 is summarized below:

	Shares Repurchased (000s)	Average Price per Share		Total Cost
Second quarter of 2022	159	$	518.73	$	83
First half of 2022	236	$	498.00	$	118
Second quarter of 2021	308	$	362.95	$	112
First half of 2021	521	$	361.52	$	189

These amounts may differ from the repurchase balances in the accompanying condensed consolidated statements of cash flows due to changes in unsettled repurchases at quarter end. Purchases are made from time to time, as conditions warrant, in the open market or in block purchases and pursuant to plans under SEC Rule 10b5-1.