Repurchase of Common Stock

9 Months Ended

Nov. 02, 2024

Repurchase of Common Stock [Abstract]

Repurchase of Common Stock

9. Repurchase of Common Stock

On February 28, 2022, our Board of Directors approved a $5.0 billion share repurchase program. There is no expiration date governing the period over which we can repurchase shares under this authorization.

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

	Three Months Ended				Nine Months Ended
	November 2, 2024		October 28, 2023		November 2, 2024		October 28, 2023
Total cost of shares repurchased	$	135	$	128	$	285	$	278
Average price per share	$	95.43	$	71.61	$	87.19	$	74.16
Total number of shares repurchased		1.4		1.8		3.2		3.7

As of November 2, 2024, $3.5 billion of the $5.0 billion share repurchase authorization was available.