Note 7. Share Repurchases

Share repurchase activity is as follows:


	13 Weeks Ended				26 Weeks Ended
($ and shares in millions except average per share cost)	July 28, 2012		July 30, 2011		July 28, 2012		July 30, 2011
Number of shares repurchased		13.1		42.5		13.8		67.3
Total cost	$	349	$	820	$	367	$	1,368
Average per share cost including commissions	$	26.65	$	19.31	$	26.51	$	20.33

Between August 2010 and November 2011, we announced that the Board of Directors authorized a total of $3.25 billion for share repurchases, of which $443 million under the November 2011 authorization was remaining as of January 28, 2012. In February 2012, we announced that the Board of Directors approved a new $1 billion share repurchase authorization that replaced the November 2011 authorization and cancelled the remaining $441 million under the November 2011 authorization as of February 23, 2012. As of July 28, 2012, there was $635 million remaining under the February 2012 authorization.

All except $2 million, $4 million, and $8 million of total share repurchases were paid for as of July 28, 2012, January 28, 2012, and July 30, 2011, respectively.