Equity

3 Months Ended

May 08, 2022

Equity [Abstract]

Stockholders' equity

Note 5—Equity

Dividends

The Company’s current quarterly dividend is $0.90 per share, compared to $0.79 in the third quarter of 2021. On April 13, 2022, the Board of Directors declared a quarterly cash dividend in the amount of $0.90 per share, which was paid on May 13, 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 program was $2,993 at May 8, 2022. Share repurchase activity is summarized below:

	Shares Repurchased (000s)	Average Price per Share		Total Cost
Third quarter of 2022	254	$	547.38	$	139
First thirty-six weeks of 2022	490	$	523.61	$	257
Third quarter of 2021	519	$	346.19	$	179
First thirty-six weeks of 2021	1,040	$	353.87	$	368

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.