Shareholders' Equity (Tables)

9 Months Ended

Jun. 27, 2015

Cash Dividends Declared and Paid Per Share

The Company declared and paid cash dividends per share during the periods presented as follows:


	Dividends Per Share		Amount (in millions)
2015:
Third quarter	$	0.52	$	2,997
Second quarter		0.47		2,734
First quarter		0.47		2,750

Total cash dividends declared and paid	$	1.46	$	8,481


2014:
Fourth quarter	$	0.47	$	2,807
Third quarter		0.47		2,830
Second quarter		0.44		2,655
First quarter		0.44		2,739

Total cash dividends declared and paid	$	1.82	$	11,031

Accelerated Share Repurchase Activity and Related Information

The following table shows the Company’s ASR activity and related information during the nine months ended June 27, 2015 and the year ended September 27, 2014:


	Purchase Period End Date		Number of Shares (in thousands)		Average Repurchase Price Per Share		ASR Amount (in millions)
May 2015 ASR		November 2015		38,320 ⁽¹⁾		⁽¹⁾	$	6,000
August 2014 ASR		February 2015		81,525 ⁽²⁾	$	110.40	$	9,000
January 2014 ASR		December 2014		134,247	$	89.39	$	12,000
April 2013 ASR		March 2014		172,548	$	69.55	$	12,000

⁽¹⁾

The number of shares represents shares delivered in the third quarter of 2015 and does not represent the final number of shares to be delivered under the May 2015 ASR. The total number of shares ultimately delivered under the May 2015 ASR, and therefore the average repurchase price paid per share, will be determined at the end of the applicable purchase period based on the volume weighted-average price of the Company’s common stock during that period. The May 2015 ASR purchase period will end in or before November 2015.

⁽²⁾

Includes 59.9 million shares delivered and retired at the beginning of the purchase period, which began in the fourth quarter of 2014, 8.3 million net shares delivered and retired in the first quarter of 2015 and 13.3 million shares delivered and retired at the end of the purchase period, which concluded in the second quarter of 2015.

Repurchases of Common Shares in Open Market

Additionally, the Company repurchased shares of its common stock in the open market, which were retired upon repurchase, during the periods presented as follows:


	Number of Shares (in thousands)		Average Repurchase Price Per Share		Amount (in millions)
2015:
Third quarter		31,231	$	128.08	$	4,000
Second quarter		56,400	$	124.11		7,000
First quarter		45,704	$	109.40		5,000

Total open market common stock repurchases		133,335			$	16,000


2014:
Fourth quarter		81,255	$	98.46	$	8,000
Third quarter		58,661	$	85.23		5,000
Second quarter		79,749	$	75.24		6,000
First quarter		66,847	$	74.79		5,000

Total open market common stock repurchases		286,512			$	24,000