XML 74 R17.htm IDEA: XBRL DOCUMENT v2.4.0.6
Stock Repurchases
12 Months Ended
Mar. 29, 2013
Stock Repurchases [Abstract]  
Stock Repurchases

Note 9.  Stock Repurchases

 

The following table summarizes our stock repurchases:

 

 

 

 

 

 

 

 

 

Year Ended

 

 

March 29, 2013

 

March 30, 2012

 

April 1, 2011

 

 

(In millions, except per share data)

 

Total number of shares repurchased

49 

 

51 

 

57 

 

Dollar amount of shares repurchased

$                   826

 

$                   893

 

$                  870

 

Average price paid per share

$                16.98

 

$                17.62

 

$               15.39

 

Range of price paid per share

$13.09 - $22.27

 

$15.38 - $20.51

 

$12.07 - $18.46

 

 

We have had stock repurchase programs in the past and have repurchased shares on a quarterly basis since the fourth quarter of fiscal 2004. In the fourth quarter of fiscal 2013, our board of directors authorized a new $1.0 billion stock repurchase program commencing in fiscal 2014. Including our previously approved stock repurchase program,  $1.2 billion remains authorized for future repurchases as of March 29, 2013. Both programs do not have an  expiration date.