Shareholders' Equity

12 Months Ended

Jan. 28, 2012

Stockholders' Equity Note [Abstract]

Shareholders' Equity

Shareholders’ Equity

Common Stock Repurchases

Under the authority of the Company’s Board of Directors, the Company repurchased shares of its common stock under the following repurchase programs during the fiscal years 2011, 2010 and 2009:

			Shares Repurchased			Amount Repurchased					Average Stock Price of Shares Repurchased within Program
Repurchase Program	Amount  Authorized		2011	2010	2009	2011		2010		2009
	(in millions)		(in thousands)			(in millions)
November 2011 (a)	$	250	2,116	NA	NA	$	85	NA		NA	$	40.50
May 2011	500		13,293	NA	NA	500		NA		NA	37.59
March 2011	500		13,695	NA	NA	500		NA		NA	36.49
November 2010 (b)	200		3,431	1,907	NA	109		$	60	NA	31.68
March 2010 (c)	200		NA	5,714	NA	NA		147		NA	25.69
Total			32,535	7,621		$	1,194	$	207

 ________________

(a) The November 2011 repurchase program had $165 million remaining as of January 28, 2012.

(b) The November 2010 repurchase program had $31 million remaining at the time it was cancelled in conjunction with the approval of the March 2011 repurchase program.

(c) The March 2010 repurchase program had $53 million remaining at the time it was cancelled in conjunction with the approval of the November 2010 repurchase program.

NA Not applicable

For the November 2011 repurchase program, $4 million of share repurchases were reflected in Accounts Payable on the 2011 Consolidated Balance Sheet and were settled in February 2012. There were no share repurchases reflected in Accounts Payable as of January 29, 2011.

Subsequent to January 28, 2012, the Company completed the November 2011 repurchase program by repurchasing an additional 4 million shares of common stock for $165 million under the program. In addition, the Company's Board of Directors approved a new $500 million share repurchase program in February 2012 ("February 2012 repurchase program").

Dividends

Under the authority and declaration of the Board of Directors, the Company paid the following dividends during the fiscal years 2011, 2010 and 2009:

	Ordinary Dividends		Special Dividends		Total Dividends		Total Paid
	(per share)						(in millions)
2011
Fourth Quarter	$	0.20	$	2.00	$	2.20	$	653
Third Quarter	0.20		—		0.20		60
Second Quarter	0.20		1.00		1.20		367
First Quarter	0.20		—		0.20		64
2011 Total	$	0.80	$	3.00	$	3.80	$	1,144
2010
Fourth Quarter	$	0.15	$	3.00	$	3.15	$	1,017
Third Quarter	0.15		—		0.15		49
Second Quarter	0.15		—		0.15		49
First Quarter	0.15		1.00		1.15		373
2010 Total	$	0.60	$	4.00	$	4.60	$	1,488
2009
Fourth Quarter	$	0.15	$	—	$	0.15	$	49
Third Quarter	0.15		—		0.15		48
Second Quarter	0.15		—		0.15		48
First Quarter	0.15		—		0.15		48
2009 Total	$	0.60	$	—	$	0.60	$	193

Subsequent to January 28, 2012, the Board of Directors declared the first quarter 2012 common stock dividend of $0.25 per share payable on March 9, 2012 to shareholders of record at the close of business on February 24, 2012. This is a $0.05 increase from the 2011 quarterly dividends.

Treasury Stock Retirement

In January 2010, the Company retired 201 million shares of its treasury stock. The retirement resulted in a reduction of $4.641 billion in Treasury Stock, $101 million in the par value of Common Stock, $1.545 billion in Paid-in Capital and $2.995 billion in Retained Earnings.

In December 2011, the Company retired 39 million shares of its treasury stock. The retirement resulted in a reduction of $1.341 billion in Treasury Stock, $19 million in the par value of Common Stock, $286 million in Paid-in Capital and $1.036 billion in Retained Earnings.