Shareholders' Equity

9 Months Ended

Oct. 27, 2019

Equity [Abstract]

Shareholders' Equity

Shareholders’ Equity 

Capital Return Program 

Beginning August 2004, our Board of Directors authorized us to repurchase our stock.

During the third quarter and first nine months of fiscal year 2020, we paid $98 million and $292 million, respectively, in cash dividends to our shareholders.

Through October 27, 2019, we have repurchased an aggregate of 260 million shares under our share repurchase program for a total cost of $7.08 billion. All shares delivered from these repurchases have been placed into treasury stock. As of October 27, 2019, we were authorized, subject to certain specifications, to repurchase additional shares of our common stock up to $7.24 billion through December 2022.

Preferred Stock

As of October 27, 2019 and January 27, 2019, there were no shares of preferred stock outstanding.

Common Stock

We are authorized to issue up to 2.00 billion shares of our common stock at $0.001 per share par value.