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Stockholders' Equity
 3 Months Ended
Oct. 26, 2024
Stockholders' Equity Note [Abstract]  
Stockholders' Equity Stockholders’ Equity
(a)Stock Repurchase Program
In September 2001, our Board of Directors authorized a stock repurchase program. As of October 26, 2024, the remaining authorized amount for stock repurchases under this program was approximately $3.2 billion with no termination date. The stock repurchase activity for fiscal 2025 and 2024 under the stock repurchase program, reported based on the trade date, is summarized as follows (in millions, except per-share amounts):
Quarter EndedSharesWeighted-Average Price per ShareAmount
Fiscal 2025
October 26, 202440 $49.56 $2,003 
Fiscal 2024
July 27, 202443 $46.80 $2,002 
April 27, 202426 $49.22 $1,256 
January 27, 202425 $49.54 $1,254 
October 28, 202323 $54.53 $1,252 
There were stock repurchases of $25 million that were pending settlement as of each of October 26, 2024 and July 27, 2024.
The purchase price for the shares of our stock repurchased is reflected as a reduction to stockholders’ equity. We are required to allocate the purchase price of the repurchased shares as (i) a reduction to retained earnings or an increase to accumulated deficit and (ii) a reduction of common stock and additional paid-in capital.
(b)    Dividends Declared
On November 13, 2024, our Board of Directors declared a quarterly dividend of $0.40 per common share to be paid on January 22, 2025, to all stockholders of record as of the close of business on January 3, 2025. Future dividends will be subject to the approval of our Board of Directors.
(c) Preferred Stock
Under the terms of our Amended and Restated Certificate of Incorporation, the Board of Directors is authorized to issue preferred stock in one or more series and, in connection with the creation of such series, to fix by resolution the designation, powers (including voting powers (if any)), preferences and relative, participating, optional or other special rights, if any, of such series, and any qualifications, limitations or restrictions thereof, of the shares of such series. As of October 26, 2024, we have not issued any shares of preferred stock.