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Share Repurchase
6 Months Ended
Aug. 03, 2013
Share Repurchase  
Share Repurchase

6. Share Repurchase

 

Share Repurchases

 

Three Months Ended

 

Six Months Ended

 

 

 

August 3,

 

July 28,

 

August 3,

 

July 28,

 

(millions, except per share data)

 

2013

 

2012

 

2013

 

2012

 

Total number of shares purchased

 

13.3

 

9.6

 

21.9

 

20.2

 

Average price paid per share

 

$

69.57

 

$

57.09

 

$

67.41

 

$

57.21

 

Total investment

 

$

927

 

$

549

 

$

1,474

 

$

1,154

 

 

Of the shares reacquired, a portion was delivered upon settlement of prepaid forward contracts as follows:

 

Settlement of Prepaid Forward Contracts(a)

 

Three Months Ended

 

Six Months Ended

 

 

 

August 3,

 

July 28,

 

August 3,

 

July 28,

 

(millions)

 

2013

 

2012

 

2013

 

2012

 

Total number of shares purchased

 

0.1

 

0.2

 

0.2

 

0.4

 

Total cash investment

 

$

7

 

$

11

 

$

14

 

$

23

 

Aggregate market value(b)

 

$

8

 

$

11

 

$

17

 

$

24

 

 

(a) These contracts are among the investment vehicles used to reduce our economic exposure related to our nonqualified deferred compensation plans. The details of our positions in prepaid forward contracts are provided in Note 7.

(b)  At their respective settlement dates.