v2.4.1.9
Shareholders' Equity (Tables)
 3 Months Ended
Dec. 27, 2014
Cash Dividends Declared and Paid Per Common Share

The Company declared and paid cash dividends per common share during the periods presented as follows:

 

                                                 
     Dividends
Per Share		      Amount
(in millions)		  

2015:

      

First quarter

    $ 0.47       $ 2,750   
     

2014:

      

Fourth quarter

    $ 0.47       $ 2,807   

Third quarter

      0.47         2,830   

Second quarter

      0.44         2,655   

First quarter

      0.44         2,739   
  

 

 

     

 

 

  

Total cash dividends declared and paid

    $ 1.82       $ 11,031   
  

 

 

     

 

 

  
Summary of Accelerated Share Repurchase Activity and Related Information

A summary of the Company’s ASR activity and related information during the periods presented, is as follows:

 

     Purchase
Period End
Date		      Number of
Shares
(in thousands)		      Average
Repurchase
Price
Per Share		      ASR
Amount
(in millions)		  

August 2014 ASR

           (1)         68,273 (1)              (1)       $ 9,000   

January 2014 ASR

      December 2014            134,247           $ 89.39          $ 12,000   

April 2013 ASR

      March 2014            172,548           $ 69.55          $ 12,000   

 

  (1) 

Includes 8.3 million net shares delivered and retired under the August 2014 ASR in the first quarter of 2015. “Number of Shares” represents those shares delivered in advance of settlement and does not represent the final number of shares to be delivered under the ASRs. The total number of shares ultimately delivered, and therefore the average repurchase price paid per share, will be determined at the end of the applicable purchase period based on the volume weighted-average price of the Company’s common stock during that period. The August 2014 ASR purchase period will end in or before February 2015.

  

Repurchases of Common Shares in Open Market

Additionally, the Company repurchased shares of its common stock in the open market, which were retired upon repurchase, during the periods presented as follows:

 

                                                                          
     Number of
Shares
(in thousands)		      Average
Repurchase
Price
Per Share		      Amount
(in millions)		  

2015:

         

First quarter

      45,704       $ 109.40       $ 5,000   
        

2014:

         

Fourth quarter

      81,255       $ 98.46       $ 8,000   

Third quarter

      58,661       $ 85.23         5,000   

Second quarter

      79,749       $ 75.24         6,000   

First quarter

      66,847       $ 74.79         5,000   
  

 

 

        

 

 

  

Total open market common stock repurchases

      286,512          $ 24,000