Share Repurchases

9 Months Ended

May. 01, 2016

Equity [Abstract]

Share Repurchases

Share Repurchases

In June 2011, the Board authorized the purchase of up to $1,000 of our stock. This program has no expiration date. In addition to this publicly announced program, we have a separate Board authorization to purchase shares to offset the impact of dilution from shares issued under our stock compensation plans.

During the nine-month period ended May 1, 2016, we repurchased approximately 2 million shares at a cost of $118. Of this amount, $75 was used to repurchase shares pursuant to our June 2011 publicly announced share repurchase program. Approximately $475 remained available under this program as of May 1, 2016. During the nine-month period ended May 3, 2015, we repurchased approximately 4 million shares at a cost of $192.