v3.25.4
Stock Repurchases
6 Months Ended
Jan. 31, 2026
Equity [Abstract]  
Stock Repurchases

NOTE 6 – Stock Repurchases

On September 22, 2011, the Company’s Board of Directors approved a 320 million share increase in the stock repurchase program, bringing the total current authorization to 784 million shares. The repurchases may be effected through solicited or unsolicited transactions in privately negotiated transactions or in the open market, including under plans complying with Rule 10b5-1 under the Securities Exchange act of 1934, as amended. No time limit has been placed on the duration of the stock repurchase program. Subject to applicable securities laws, such repurchases will be made at such times and in such amounts as the Company deems appropriate and may be discontinued at any time. The Company repurchased 5,480,191 shares of its common stock during the six months ended January 31, 2026 at a weighted average price of $39.82 per share totaling $218.2 million. The Company did not repurchase any common stock under the program during the six months ended January 31, 2025. As of January 31, 2026, the total number of shares repurchased under the program was 464 million, and subject to applicable limitations under Delaware law, 320 million shares were available for repurchase under the program.