Shareholders' Equity

12 Months Ended

Feb. 03, 2018

Stockholders' Equity Note [Abstract]

Shareholders' Equity

NOTE 11: SHAREHOLDERS’ EQUITY

The following is a summary of the activity related to our share repurchase programs in 2015, 2016 and 2017:

	Shares	Average price per share		Amount
Capacity at January 31, 2015					$1,075
October 2015 authorization (ended March 1, 2017)				1,000
Shares repurchased	19.1		$63	(1,191		)
Expiration of unused capacity in March 20151				(73		)
Capacity at January 30, 2016				811
Shares repurchased	5.9		$48	(282		)
Capacity at January 28, 2017				529
February 2017 authorization (ending August 31, 2018)				500
Shares repurchased	4.6		$45	(206		)
Expiration of unused October 2015 authorization capacity in March 2017				(409		)
Capacity at February 3, 2018					$414

¹ Expiration relates to the February 2013 program.

The actual timing, price, manner and amounts of future share repurchases, if any, will be subject to market and economic conditions and applicable SEC rules.

We paid dividends of $1.48 per share in 2017 and 2016 and $6.33 per share in 2015. Dividends paid in 2015 included a special cash dividend of $905, or $4.85 per share of outstanding common stock, in addition to our quarterly dividends totaling $1.48 per share. The special dividend was authorized by our Board of Directors on October 1, 2015, and was paid using proceeds from the sale of our credit card receivables (see Note 2: Credit Card Receivable Transaction).

In February 2018, subsequent to year end, we declared a quarterly dividend of $0.37 per share, which will be paid on March 20, 2018.