| Number of shares of common stock issued and treasury stock, and associated share activity |
The number of shares of common stock issued and treasury stock, and associated share activity, are as follows:
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Common Stock |
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Treasury Stock |
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Class A |
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Class B |
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Class 1 |
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Class A |
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Class B |
Balance at February 29, 2016 |
255,558,026 |
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28,358,529 |
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2,000 |
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79,454,011 |
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5,005,800 |
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Share repurchases |
— |
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— |
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— |
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7,407,051 |
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— |
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Conversion of shares |
2 |
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(2 |
) |
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— |
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— |
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— |
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Exercise of stock options |
1,948,156 |
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— |
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|
80 |
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— |
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— |
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Employee stock purchases |
— |
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— |
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— |
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(77,671 |
) |
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— |
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Grant of restricted stock awards |
— |
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— |
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— |
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(4,088 |
) |
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— |
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Vesting of restricted stock units (1)
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— |
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— |
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— |
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(325,773 |
) |
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— |
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Vesting of performance share units (2)
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— |
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— |
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— |
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(190,559 |
) |
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— |
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Balance at February 28, 2017 |
257,506,184 |
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28,358,527 |
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2,080 |
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86,262,971 |
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5,005,800 |
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Share repurchases |
— |
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— |
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— |
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4,810,061 |
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— |
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Conversion of shares |
29,640 |
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(23,140 |
) |
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(6,500 |
) |
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— |
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— |
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Exercise of stock options |
1,182,532 |
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— |
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|
6,390 |
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— |
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— |
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Employee stock purchases |
— |
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— |
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— |
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(75,023 |
) |
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— |
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Grant of restricted stock awards |
— |
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— |
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— |
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(3,848 |
) |
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— |
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Vesting of restricted stock units (1)
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— |
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— |
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— |
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(181,994 |
) |
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— |
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Vesting of performance share units (2)
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— |
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— |
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— |
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(68,928 |
) |
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— |
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Balance at February 28, 2018 |
258,718,356 |
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28,335,387 |
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1,970 |
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90,743,239 |
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5,005,800 |
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Retirement of treasury shares (3)
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(74,000,000 |
) |
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— |
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— |
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(74,000,000 |
) |
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— |
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Share repurchases |
— |
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— |
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— |
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2,352,145 |
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— |
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Conversion of shares |
12,968 |
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(12,968 |
) |
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— |
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— |
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— |
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Exercise of stock options |
1,008,854 |
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— |
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1,147,654 |
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— |
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— |
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Employee stock purchases |
— |
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— |
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— |
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(76,844 |
) |
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— |
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Grant of restricted stock awards |
— |
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— |
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— |
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(3,914 |
) |
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— |
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Vesting of restricted stock units (1)
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— |
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— |
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— |
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(24,308 |
) |
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— |
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Vesting of performance share units (2)
|
— |
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— |
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— |
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(62,352 |
) |
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— |
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Balance at February 28, 2019 |
185,740,178 |
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28,322,419 |
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1,149,624 |
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18,927,966 |
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5,005,800 |
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(1) |
Net of 15,409 shares, 117,188 shares and 241,870 shares withheld for the years ended February 28, 2019, February 28, 2018, and February 28, 2017, respectively, to satisfy tax withholding requirements.
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(2) |
Net of 44,016 shares, 55,584 shares and 168,811 shares withheld for the years ended February 28, 2019, February 28, 2018, and February 28, 2017, respectively, to satisfy tax withholding requirements.
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(3) |
Shares of our Class A Treasury Stock were retired to authorized and unissued shares of our Class A Common Stock. |
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| Summary of share repurchase activity |
A summary of share repurchase activity is as follows:
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Class A Common Shares Repurchased |
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Repurchase
Authorization
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For the Year Ended
February 28, 2019
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For the Year Ended
February 28, 2018
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For the Year Ended
February 28, 2017
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Date |
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Amount
Authorized
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Dollar
Value
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Number of
Shares
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Dollar
Value
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Number of
Shares
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Dollar
Value
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Number of
Shares
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(in millions, except share data) |
2013 Authorization (1)
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Apr 2012 |
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$1,000.0 |
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$ |
— |
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— |
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$ |
— |
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— |
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$ |
669.6 |
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4,400,504 |
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2017 Authorization (2)
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Nov 2016 |
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$1,000.0 |
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— |
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— |
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546.9 |
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2,530,194 |
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453.1 |
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3,006,547 |
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2018 Authorization (3)
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Jan 2018 |
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$3,000.0 |
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504.3 |
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2,352,145 |
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491.6 |
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2,279,867 |
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— |
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— |
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$ |
504.3 |
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2,352,145 |
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$ |
1,038.5 |
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4,810,061 |
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$ |
1,122.7 |
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7,407,051 |
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(1) |
The 2013 Authorization was fully utilized during the year ended February 28, 2017. |
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(2) |
The 2017 Authorization was fully utilized during the year ended February 28, 2018. |
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(3) |
As of February 28, 2019, $2,004.1 million remains available for future share repurchase under the 2018 Authorization. The Board of Directors did not specify a date upon which this authorization would expire.
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