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STOCK | 12 Months Ended
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Feb. 03, 2024
STOCK |
STOCK |
13. | STOCK
​ Preferred Shares ​ The Company has authorized five million shares of voting cumulative preferred shares; two million shares were available for issuance at February 3, 2024. The shares have a par value of $100 per share and are issuable in series. ​ Common Shares ​ The Company has authorized two billion common shares, $1 par value per share. ​ Common Stock Repurchase Program ​ The Company maintains stock repurchase programs that comply with Rule 10b5-1 of the Securities Exchange Act of 1934 to allow for the orderly repurchase of The Kroger Co. common shares, from time to time. The Company made no open market purchases in 2023. The Company made open market purchases totaling $821 and $1,422 under these repurchase programs in 2022 and 2021, respectively. ​ In addition to these repurchase programs, in December 1999, the Company began a program to repurchase common shares to reduce dilution resulting from its employee stock option plans. This program is solely funded by proceeds from stock option exercises and the related tax benefit. The Company repurchased approximately $62, $172 and $225 under the stock option program during 2023, 2022 and 2021, respectively.

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