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Equity
3 Months Ended
Mar. 02, 2023
Equity [Abstract]  
Equity
Equity

Common Stock Repurchases: Our Board of Directors has authorized the discretionary repurchase of up to $10 billion of our outstanding common stock through open-market purchases, block trades, privately-negotiated transactions, derivative transactions, and/or pursuant to Rule 10b5-1 trading plans. The repurchase authorization has no expiration date, does not obligate us to acquire any common stock, and is subject to market conditions and our ongoing determination of the best use of available cash. No shares were repurchased in the second quarter of 2023. In the first quarter of 2023, we repurchased 8.6 million shares of our common stock for $425 million. Through March 2, 2023, we had repurchased an aggregate of $6.89 billion under the authorization. Amounts repurchased are included in treasury stock.

Dividends: We declared and paid dividends of $126 million ($0.115 per share) in each of the second and first quarters of 2023.
Accumulated Other Comprehensive Income (Loss): Changes in accumulated other comprehensive income (loss) by component for the six months ended March 2, 2023 were as follows:
Gains (Losses) on Derivative InstrumentsUnrealized Gains (Losses) on InvestmentsPension Liability AdjustmentsCumulative Foreign Currency Translation AdjustmentTotal
As of September 1, 2022$(538)$(47)$25 $— $(560)
Other comprehensive income (loss) before reclassifications132 — — (2)130 
Amount reclassified out of accumulated other comprehensive income (loss)122 — 124 
Tax effects
(54)(13)— — (67)
Other comprehensive income (loss)200 (12)(2)187 
As of March 2, 2023$(338)$(59)$26 $(2)$(373)