Repurchase of Common Stock

3 Months Ended

May 04, 2013

Repurchase of Common Stock [Abstract]

Repurchase of Common Stock

Repurchase of Common Stock

In June 2011, our Board of Directors authorized a $5.0 billion share repurchase program. There is no expiration date governing the period over which we can repurchase shares under the June 2011 share repurchase program. For the three months ended May 5, 2012, we repurchased 4.6 million shares of our common stock at a cost of $115 million. No shares were repurchased during the three months ending May 4, 2013.

At May 4, 2013, $4.0 billion remained available for additional purchases under the June 2011 share repurchase program. Repurchased shares have been retired and constitute authorized but unissued shares. We have currently suspended our share repurchase program.