Shareholders' Equity (Deficit)

12 Months Ended

Jan. 31, 2015

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 2014, 2013 and 2012:

			Shares Repurchased			Amount Repurchased						Average Stock Price of Shares Repurchased within Program
Repurchase Program	Amount  Authorized		2014	2013	2012	2014		2013		2012
	(in millions)		(in thousands)			(in millions)
November 2012 (a)	$	250	1,317	1,377	245	$	84	$	63	$	11	$	54.02
February 2012 (b)	500		NA	NA	9,871	NA		NA		450		45.61
November 2011	250		NA	NA	3,657	NA		NA		164		44.90
Total			1,317	1,377	13,773	$	84	$	63	$	625

 ________________

(a) The November 2012 repurchase program had $91 million remaining as of January 31, 2015.

(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.

NA Not applicable

There were no share repurchases reflected in Accounts Payable on the January 31, 2015 Consolidated Balance Sheet. There were $3 million share repurchases reflected in Accounts Payable as of February 1, 2014.

Subsequent to January 31, 2015, the Company's Board of Directors approved a new $250 million share repurchase program, which included the $91 million remaining under the November 2012 repurchase program. The Company repurchased an additional 0.2 million shares of common stock for $22 million under the February 2015 repurchase program subsequent to January 31, 2015.

Dividends

Under the authority and declaration of the Board of Directors, the Company paid the following dividends during the fiscal years 2014, 2013 and 2012:

	Ordinary Dividends		Special Dividends		Total Dividends		Total Paid
	(per share)						(in millions)
2014
Fourth Quarter	$	0.34	$	—	$	0.34	$	100
Third Quarter	0.34		—		0.34		100
Second Quarter	0.34		—		0.34		99
First Quarter	0.34		1.00		1.34		392
2014 Total	$	1.36	$	1.00	$	2.36	$	691
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

Subsequent to January 31, 2015, the Board of Directors declared an increase in the first quarter 2015 ordinary dividend from $0.34 to $0.50 per share and a special dividend of $2 per share. Both dividends, totaling $731 million, were paid on March 6, 2015 to shareholders of record at the close of business on February 20, 2015.