Share Repurchases

6 Months Ended

Jan. 29, 2017

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 also have a separate Board authorization to purchase shares to offset the impact of dilution from shares issued under our stock compensation plans.

During the six-month period ended January 29, 2017, we repurchased 4 million shares at a cost of $234. Of this amount, $200 was used to repurchase shares pursuant to our June 2011 publicly announced share repurchase program. Approximately $250 remained available under this program as of January 29, 2017. During the six-month period ended January 31, 2016, we repurchased 2 million shares at a cost of $86.