Stock Repurchases

6 Months Ended

Oct. 03, 2014

Stock Repurchases [Abstract]

Stock Repurchases

Stock Repurchases

The following table summarizes our stock repurchase activity:

	Three Months Ended   October 3, 2014					Six Months Ended   October 3, 2014
	(In millions, except per share data)
Total number of shares repurchased				5					11
Dollar amount of shares repurchased				$	125				$	250
Average price paid per share				$	23.75				$	22.12
Range of price paid per share	$	22.42	-	$	25.30	$	19.59	-	$	25.30

Through our stock repurchase programs we have repurchased shares on a quarterly basis since the fourth quarter of fiscal 2004. During the fourth quarter of fiscal 2013, our Board of Directors authorized a $1.0 billion stock repurchase program which commenced in fiscal 2014. Our active stock repurchase program has $408 million remaining authorized for future repurchase as of October 3, 2014, and does not have an expiration date.