Repurchase of Common Stock

9 Months Ended

Nov. 02, 2019

Equity [Abstract]

Repurchase of Common Stock

11. Repurchase of Common Stock

On February 23, 2019, our Board of Directors ("Board") authorized a $3.0 billion share repurchase program. There is no expiration date governing the period over which we can repurchase shares under the February 2019 authorization.

Information regarding the shares we repurchased was as follows ($ and shares in millions, except per share amounts):

	Three Months Ended				Nine Months Ended
	November 2, 2019		November 3, 2018		November 2, 2019		November 3, 2018
Total cost of shares repurchased	$	371	$	369	$	707	$	1,143
Average price per share	$	67.28	$	76.04	$	68.56	$	74.10
Number of shares repurchased		5.5		4.8		10.3		15.4

As of November 2, 2019, $2.3 billion of the $3.0 billion share repurchase authorization was available. Between the end of the third quarter of fiscal 2020 on November 2, 2019, and December 4, 2019, we repurchased an incremental 1.4 million shares of our common stock at a cost of $108 million.