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Stock Repurchase Program
6 Months Ended
Feb. 12, 2022
Equity  
Stock Repurchase Program

Note G – Stock Repurchase Program

From January 1, 1998 to February 12, 2022, the Company has repurchased a total of 151.6 million shares of its common stock at an aggregate cost of $28.2 billion, including 1.3 million shares of its common stock at an aggregate cost of $2.5 billion during the twenty-four week period ended February 12, 2022.

On December 14, 2021, the Board voted to authorize the repurchase of an additional $1.5 billion of the Company’s common stock in connection with its ongoing share repurchase program, which raised the total value of shares authorized to be repurchased to $29.2 billion. Considering the cumulative repurchases as of February 12, 2022, the Company had $957.6 million remaining under the Board’s authorization to repurchase its common stock.

During the twenty-four week period ended February 12, 2022, the Company retired 2.5 million shares of treasury stock which had been previously repurchased under the Company’s share repurchase program. The retirement increased Retained deficit by $3.3 billion and decreased Additional paid-in capital by $294.9 million. During the comparable prior year period, the Company retired 1.0 million shares of treasury stock, which increased Retained deficit by $1.1 billion and decreased Additional paid-in capital by $60.0 million.

Subsequent to February 12, 2022 and through March 11, 2022, the Company has repurchased 119,542 shares of its common stock at an aggregate cost of $226.9 million.