Repurchase of Common Stock

3 Months Ended

May 02, 2020

Repurchase of Common Stock [Abstract]

Shareholders' Equity

8. 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
	May 2, 2020		May 4, 2019
Total cost of shares repurchased	$	56	$	106
Average price per share	$	86.30	$	70.77
Number of shares repurchased		0.6		1.5

As of May 2, 2020, $1.9 billion of the $3.0 billion share repurchase authorization was available. On March 21, 2020, we announced the suspension of all share repurchases given the uncertainty surrounding the impact of COVID-19.