Shareholders' Equity

12 Months Ended

Feb. 02, 2013

Stockholders' Equity Note [Abstract]

Shareholders' Equity

SHAREHOLDERS' EQUITY

Share Repurchase Program

In February 2012, our Board of Directors authorized a program to repurchase up to $800 of our outstanding common stock, through February 1, 2014, in addition to the remaining amount available for repurchase under the previously authorized programs. The following is a summary of the activity related to our share repurchase programs in 2010, 2011 and 2012:

	Shares	Average price per share		Amount
Capacity at January 30, 2010				—
August 2010 authorization (ended January 28, 2012)					$500
Shares repurchased	2.3		$39	(89		)
Capacity at January 29, 2011					$411
May 2011 authorization (ended February 2, 2013)				750
Shares repurchased	18.5		$46	(851		)
Capacity at January 28, 2012					$310
February 2012 authorization (ends February 1, 2014)				800
Shares repurchased	14.0		$51	(717		)
Capacity at February 2, 2013					$393

Subsequent to year-end, in February 2013 our Board of Directors authorized a new program to repurchase up to $800 of our outstanding common stock, through March 1, 2015, in addition to the remaining amount available for repurchase under our February 2012 authorization. The actual number and timing of future share repurchases, if any, will be subject to market and economic conditions and applicable Securities and Exchange Commission rules.

Dividends

We paid dividends of $1.08 per share in 2012, $0.92 per share in 2011 and $0.76 per share in 2010. In February 2013, we declared a quarterly dividend of $0.30 per share, increased from $0.27 per share in 2012.