| 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 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 (1)
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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 (2)
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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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— |
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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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| Share repurchases |
— |
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— |
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— |
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265,593 |
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— |
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| Conversion of shares |
350,567 |
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(22,213) |
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(328,354) |
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— |
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— |
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Exercise of stock options (3)
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— |
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— |
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870,957 |
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(747,527) |
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— |
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| Employee stock purchases |
— |
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— |
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— |
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(69,324) |
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— |
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Vesting of restricted stock units (2)
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— |
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— |
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— |
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(91,311) |
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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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(29,015) |
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— |
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| Cancellation of restricted shares |
— |
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— |
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— |
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444 |
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— |
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| Balance at February 29, 2020 |
186,090,745 |
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28,300,206 |
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1,692,227 |
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18,256,826 |
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5,005,800 |
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| Conversion of shares |
1,113,535 |
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(29,918) |
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(1,083,617) |
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— |
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— |
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Exercise of stock options (3)
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— |
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— |
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4,326 |
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(1,020,853) |
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— |
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| Employee stock purchases |
— |
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— |
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— |
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(67,801) |
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— |
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Vesting of restricted stock units (2)
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— |
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— |
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— |
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(80,287) |
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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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(17,335) |
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— |
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| Balance at February 28, 2021 |
187,204,280 |
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28,270,288 |
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612,936 |
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17,070,550 |
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5,005,800 |
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(1)Shares of our Class A Treasury Stock were retired to authorized and unissued shares of our Class A Common Stock.
(2)Net of the following shares withheld to satisfy tax withholding requirements:
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For the Years Ended |
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February 28,
2021 |
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February 29,
2020 |
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February 28,
2019 |
| Restricted Stock Units |
37,933 |
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49,900 |
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15,409 |
| Performance Share Units |
9,433 |
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17,439 |
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44,016 |
(3)Includes use of Class A Treasury Stock associated with stock option exercises beginning March 1, 2019.
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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, 2021 |
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For the Year Ended
February 29, 2020 |
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For the Year Ended
February 28, 2019 |
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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 |
| (in millions, except share data) |
2018 Authorization (1)
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Jan 2018 |
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$3,000.0 |
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$ |
— |
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— |
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$ |
50.0 |
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265,593 |
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$ |
504.3 |
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2,352,145 |
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2021 Authorization (2)
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Jan 2021 |
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$2,000.0 |
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— |
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— |
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— |
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— |
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— |
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— |
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$ |
— |
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— |
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$ |
50.0 |
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265,593 |
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$ |
504.3 |
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2,352,145 |
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(1)As of February 28, 2021, $1,954.1 million remains available for future share repurchase under the 2018 Authorization. The Board of Directors did not specify a date upon which the 2018 Authorization would expire.
(2)As of February 28, 2021, no shares have been repurchased under the 2021 Authorization. The Board of Directors did not specify a date upon which the 2021 Authorization would expire.
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