XML 45 R32.htm IDEA: XBRL DOCUMENT v3.25.1
Stock Repurchase Program (Tables)
 3 Months Ended
Feb. 28, 2025
Stock Repurchase Program [Abstract]  
Schedule of Repurchase Agreements
Share repurchase activity for the three months ended February 28, 2025 and March 1, 2024 was as follows:
(in millions)
Number of Shares Delivered
Amount Paid
Three months ended February 28, 2025
ASRs (1)
5.9 $2,750 
Open market repurchases
1.1 500 
Total
7.0 $3,250 
Three months ended March 1, 2024
ASRs
2.5 $2,000 
Other structured stock repurchases
0.6 — 
(2)
Total3.1 $2,000 
_________________________________________
(1)    Shares delivered during the three months ended February 28, 2025, include the initial delivery of shares under a $2.75 billion accelerated share repurchase agreement (“ASR”) entered into in December 2024, which remained outstanding as of February 28, 2025. Subsequent to February 28, 2025, the outstanding ASR was settled which resulted in total repurchases of 6.3 million shares.
(2)    During the three months ended March 1, 2024, we received the final delivery of shares under a structured stock repurchase agreement entered into in fiscal 2023.