Stock Repurchases

12 Months Ended

Apr. 03, 2015

Equity [Abstract]

Stock Repurchases

Stock Repurchases

The following table summarizes our stock repurchases: 

	Year Ended
	April 3, 2015		March 28, 2014		March 29, 2013
	(In millions, except per share data)
Total number of shares repurchased	21		21		49
Dollar amount of shares repurchased	$	500	$	500	$	826
Average price paid per share	$	23.73	$	23.87	$	16.98
Remaining authorization at end of period	$	1,158	$	658	$	1,158

Through our stock repurchase programs we have repurchased shares on a quarterly basis since the fourth quarter of fiscal 2004. On February 3, 2015, our Board of Directors authorized a new $1.0 billion stock repurchase program which commenced immediately and does not have an expiration date. This is in addition to the remaining amount authorized for future repurchase under our previous program.