STOCK REPURCHASE PROGRAM

6 Months Ended

May 29, 2026

To facilitate our stock repurchase program, designed to return value to our stockholders and minimize dilution from stock issuances, we may repurchase our shares in the open market or enter into structured repurchase agreements with third parties. In March 2024, our Board of Directors granted authority to repurchase up to $25 billion in our common stock through March 14, 2028. In April 2026, our Board of Directors granted additional authority to repurchase up to $25 billion in our common stock through April 30, 2030. As of May 29, 2026, a total of $26.78 billion remained under our stock repurchase authorities.

Share repurchase activity for the six months ended May 29, 2026 and May 30, 2025 was as follows:


(in millions)	Number of Shares Delivered	Amount Paid
Six months ended May 29, 2026


Open market repurchases	16.6	$	4,588

Six months ended May 30, 2025
Accelerated share repurchase agreements	14.5	$	6,250

Open market repurchases	1.1	500
Total	15.6	$	6,750

Prepayments for stock repurchases are classified as treasury stock, a component of stockholders’ equity on our condensed consolidated balance sheets, at the payment date, though only shares physically delivered to us by the end of the respective period are excluded from the computation of net income per share.