Repurchase of Common Stock

6 Months Ended

Jul. 30, 2022

Shareholders' Equity [Abstract]

Shareholders' Equity

9. Repurchase of Common Stock

On February 28, 2022, our Board of Directors approved a new $5.0 billion share repurchase program, which replaced the $5.0 billion share repurchase program authorized on February 16, 2021. There is no expiration date governing the period over which we can repurchase shares under this authorization. Share repurchases were paused during the second quarter of fiscal 2023.

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

	Three Months Ended				Six Months Ended
	July 30, 2022		July 31, 2021		July 30, 2022		July 31, 2021
Total cost of shares repurchased	$	10	$	416	$	452	$	1,331
Average price per share	$	83.71	$	112.75	$	96.83	$	109.92
Number of shares repurchased		0.1		3.7		4.6		12.1

As of July 30, 2022, $4.7 billion of the $5.0 billion share repurchase authorization was available.