Shareholders' Equity (Deficit)

12 Months Ended

Feb. 01, 2014

Stockholders' Equity Note [Abstract]

Shareholders' Equity

Shareholders’ Equity (Deficit)

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 2013, 2012 and 2011:

			Shares Repurchased			Amount Repurchased						Average Stock Price of Shares Repurchased within Program
Repurchase Program	Amount  Authorized		2013	2012	2011	2013		2012		2011
	(in millions)		(in thousands)			(in millions)
November 2012 (a)	$	250	1,377	245	NA	$	63	$	11	NA		$	45.80
February 2012 (b)	500		NA	9,871	NA	NA		450		NA		45.61
November 2011	250		NA	3,657	2,116	NA		164		$	85	44.90
May 2011	500		NA	NA	13,293	NA		NA		500		37.59
March 2011	500		NA	NA	13,695	NA		NA		500		36.49
November 2010 (c)	200		NA	NA	3,431	NA		NA		109		31.68
Total			1,377	13,773	32,535	$	63	$	625	$	1,194

 ________________

(a) The November 2012 repurchase program had $176 million remaining as of February 1, 2014.

(b) The February 2012 repurchase program had $50 million remaining at the time it was cancelled in conjunction with the approval of the November 2012 repurchase program.

(c) 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.

NA Not applicable

There were $3 million share repurchases reflected in Accounts Payable on the February 1, 2014 Consolidated Balance Sheet. There were no share repurchases reflected in Accounts Payable as of February 2, 2013.

Subsequent to February 1, 2014, the Company repurchased an additional 0.3 million shares of common stock for $15 millionunder the November 2012 repurchase program.

Dividends

Under the authority and declaration of the Board of Directors, the Company paid the following dividends during the fiscal years 2013, 2012 and 2011:

	Ordinary Dividends		Special Dividends		Total Dividends		Total Paid
	(per share)						(in millions)
2013
Fourth Quarter	$	0.30	$	—	$	0.30	$	88
Third Quarter	0.30		—		0.30		87
Second Quarter	0.30		—		0.30		87
First Quarter	0.30		—		0.30		87
2013 Total	$	1.20	$	—	$	1.20	$	349
2012
Fourth Quarter	$	0.25	$	3.00	$	3.25	$	942
Third Quarter	0.25		1.00		1.25		361
Second Quarter	0.25		—		0.25		73
First Quarter	0.25		—		0.25		73
2012 Total	$	1.00	$	4.00	$	5.00	$	1,449
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

Subsequent to February 1, 2014, the Board of Directors declared an increase in the first quarter 2014 ordinary dividend from $0.30 to $0.34 per share and a special dividend of $1 per share. Both dividends, totaling $390 million, were paid on March 7, 2014 to shareholders of record at the close of business on February 21, 2014.

Treasury Stock Retirement

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.