STOCKHOLDERS' EQUITY

9 Months Ended

Nov. 02, 2025

Equity [Abstract]

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY

Stock Rollforward

The following table presents a reconciliation of the number of shares of our common stock outstanding and cash dividends per share:

shares in millions	Three Months Ended				Nine Months Ended
	November 2, 2025		October 27, 2024		November 2, 2025		October 27, 2024
Common stock:
Shares at beginning of period	1,801		1,799		1,800		1,796
Shares issued under employee stock plans, net	—		—		1		3
Shares at end of period	1,801		1,799		1,801		1,799
Treasury stock:
Shares at beginning of period	(806)		(806)		(806)		(804)
Repurchases of common stock	—		—		—		(2)
Shares at end of period	(806)		(806)		(806)		(806)
Shares outstanding at end of period	995		993		995		993
Cash dividends per share	$	2.30	$	2.25	$	6.90	$	6.75

Share Repurchases

In August 2023, our Board of Directors approved a $15.0 billion share repurchase authorization that replaced the previous authorization of $15.0 billion, which was approved in August 2022. The August 2023 authorization does not have a prescribed expiration date. As of November 2, 2025, approximately $11.7 billion of the $15.0 billion share repurchase authorization remained available. In March 2024, we paused share repurchases and have not resumed share repurchase activity as of November 2, 2025.