STOCK REPURCHASE PROGRAM

9 Months Ended

Aug. 28, 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, which became fully utilized during the nine months ended August 28, 2026. 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 August 28, 2026, a total of $24.55 billion remained under our April 2026 stock repurchase authority.

Share repurchase activity for the nine months ended August 28, 2026 and August 29, 2025 was as follows:


(in millions)	Number of Shares Delivered	Amount Paid
Nine months ended August 28, 2026


Open market repurchases	26.1	$	6,820

Nine months ended August 29, 2025
Accelerated share repurchase agreements	16.8	$	6,250

Open market repurchases	6.8	2,556
Total	23.6	$	8,806

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.