Repurchase of Common Stock

6 Months Ended

Aug. 01, 2020

Repurchase of Common Stock [Abstract]

Repurchase of Common Stock

8. Repurchase of Common Stock

On February 23, 2019, our Board of Directors 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. On March 21, 2020, we announced the suspension of all share repurchases given the uncertainty surrounding the impact of COVID-19.

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

	Three Months Ended				Six Months Ended
	August 1, 2020		August 3, 2019		August 1, 2020		August 3, 2019
Total cost of shares repurchased	$	-	$	230	$	56	$	336
Average price per share	$	-	$	69.71	$	86.30	$	70.04
Number of shares repurchased		-		3.3		0.6		4.8

As of August 1, 2020, $1.9 billion of the $3.0 billion share repurchase authorization was available.