Shareholders' Equity (Tables)

6 Months Ended

Mar. 26, 2016

Cash Dividends Declared and Paid Per Share

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


	Dividends Per Share		Amount (in millions)
2016:
Second quarter	$	0.52	$	2,879
First quarter		0.52		2,898

Total cash dividends declared and paid	$	1.04	$	5,777


2015:
Fourth quarter	$	0.52	$	2,950
Third quarter		0.52		2,997
Second quarter		0.47		2,734
First quarter		0.47		2,750

Total cash dividends declared and paid	$	1.98	$	11,431

Accelerated Share Repurchase Activity and Related Information

The following table shows the Company’s ASR activity and related information during the six months ended March 26, 2016 and the year ended September 26, 2015:


	Purchase Period End Date		Number of Shares (in thousands)		Average Repurchase Price Per Share		ASR Amount (in millions)
November 2015 ASR		April 2016		20,382⁽¹⁾	$	⁽¹⁾	$	3,000
May 2015 ASR		July 2015		48,293	$	124.24	$	6,000
August 2014 ASR		February 2015		81,525	$	110.40	$	9,000
January 2014 ASR		December 2014		134,247	$	89.39	$	12,000

⁽¹⁾

“Number of Shares” represents those shares delivered in the beginning of the purchase period and does not represent the final number of shares to be delivered under the ASR. 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 November 2015 ASR purchase period will end in or before April 2016.

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)
2016:
Second quarter		71,766	$	97.54	$	7,000
First quarter		25,984	$	115.45		3,000

Total open market common stock repurchases		97,750			$	10,000


2015:
Fourth quarter		121,802	$	115.15	$	14,026
Third quarter		31,231	$	128.08		4,000
Second quarter		56,400	$	124.11		7,000
First quarter		45,704	$	109.40		5,000

Total open market common stock repurchases		255,137			$	30,026