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Stockholders' Equity
 12 Months Ended
Sep. 01, 2019
Stockholders' Equity Note [Abstract]  
Stockholders' Equity
Note 6—Stockholders’ Equity
Dividends
The Company’s current quarterly dividend rate is $0.65 per share. In August 2019, the Board of Directors declared a quarterly cash dividend in the amount of $0.65 per share, which was paid subsequent to the end of 2019.
Stock Repurchase Programs
In April 2019, the Board of Directors authorized a new share repurchase program in the amount of $4,000, which expires in April 2023. This authorization revoked previously authorized but unused amounts, totaling $2,237. As of the end of 2019, the remaining amount available for stock repurchases under the approved plan was $3,943. The following table summarizes the Company’s stock repurchase activity:
 
Shares
Repurchased
(000’s)
 
Average
Price per
Share
 
Total Cost
2019
1,097

 
$
225.16

 
$
247

2018
1,756

 
183.13

 
322

2017
2,998

 
157.87

 
473


These amounts may differ from repurchases of common stock in the accompanying consolidated statements of cash flows due to changes in unsettled stock repurchases at the end of each fiscal year.