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Equity
3 Months Ended
May 07, 2023
Equity [Abstract]  
Stockholders' equity
Note 5—Equity
Dividends
A quarterly cash dividend of $1.02 per share was declared on April 19, 2023 and paid on May 19, 2023. The Company's quarterly dividend was $0.90 per share in the third quarter of 2022 and dividends totaled $2.82 and $2.48 per share in the first thirty-six weeks of 2023 and 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 January 2027. At May 7, 2023, the remaining amount available under the program was $3,793. The following table summarizes the Company's stock repurchase activity:
Shares Repurchased (000s)Average Price per ShareTotal Cost
Third quarter of 2023329 $492.71 $162 
First thirty-six weeks of 2023908 $492.30 $447 
Third quarter of 2022254 $547.38 $139 
First thirty-six weeks of 2022490 $523.61 $257 
These amounts may differ from the accompanying condensed consolidated statements of cash flows due to changes in unsettled stock repurchases at the end of each quarter. 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.