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Shareholders' Equity (Tables) | 9 Months Ended
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Jun. 25, 2016
Equity [Abstract] |
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)
2016: |  |  |
Third quarter | $ | 0.57 |  |  | $ | 3,117 |
Second quarter | 0.52 |  |  | 2,879 |
First quarter | 0.52 |  |  | 2,898 |
Total cash dividends declared and paid | $ | 1.61 |  |  | $ | 8,894 |
2015: |  |  |
Fourth quarter | $ | 0.52 |  |  | $ | 2,950 |
Third quarter | 0.52 |  |  | 2,997 |
Second quarter | 0.47 |  |  | 2,734 |
First quarter | 0.47 |  |  | 2,750 |
Total cash dividends declared and paid | $ | 1.98 |  |  | $ | 11,431 |
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 25, 2016 and the year ended September 26, 2015:
| Purchase Period End Date |  | Number of Shares (in thousands) |  | Average Repurchase Price Per Share |  | ASR Amount (in millions)
May 2016 ASR | August 2016 |  | 48,183 |  | (1) | (1) |  |  | $ | 6,000 |
November 2015 ASR | April 2016 |  | 29,122 |  | (2) | $ | 103.02 |  |  | $ | 3,000 |
May 2015 ASR | July 2015 |  | 48,293 |  |  | $ | 124.24 |  |  | $ | 6,000 |
August 2014 ASR | February 2015 |  | 81,525 |  |  | $ | 110.40 |  |  | $ | 9,000 |
January 2014 ASR | December 2014 |  | 134,247 |  |  | $ | 89.39 |  |  | $ | 12,000 |
(1) | “Number of Shares” represents those shares delivered in the beginning of the purchase period and does not represent the final number of shares to be delivered under the ASR. The total number of shares ultimately delivered, 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 2016 ASR purchase period will end in or before August 2016.
(2) | Includes 20.4 million shares delivered and retired at the beginning of the purchase period, which began in the first quarter of 2016 and 8.7 million shares delivered and retired at the end of the purchase period, which concluded in the third quarter of 2016.
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)
2016: |  |  |  |  |
Third quarter | 41,238 |  |  | $ | 97.00 |  |  | $ | 4,000 |
Second quarter | 71,766 |  |  | $ | 97.54 |  |  | 7,000 |
First quarter | 25,984 |  |  | $ | 115.45 |  |  | 3,000 |
Total open market common stock repurchases | 138,988 |  |  |  |  | $ | 14,000 |
2015: |  |  |  |  |
Fourth quarter | 121,802 |  |  | $ | 115.15 |  |  | $ | 14,026 |
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 | 255,137 |  |  |  |  | $ | 30,026 |

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- Definition Tabular disclosure of information related to common stock repurchased in the open market. + References No definition available. + Details
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- Definition Tabular disclosure of accelerated share repurchase (ASR) programs. An ASR is a combination of transactions that permits an entity to purchase a targeted number of shares immediately with the final purchase price of those shares determined by an average market price over a fixed period of time. An accelerated share repurchase program is intended to combine the immediate share retirement benefits of a tender offer with the market impact and pricing benefits of a disciplined daily open market stock repurchase program. ASRs can be disclosed as part of stockholders' equity. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 25 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6405686&loc=d3e22802-112653 + Details
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- Definition Tabular disclosure of information related to dividends declared, including paid and unpaid dividends. + References No definition available. + Details
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- References No definition available. + Details
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