Shareholders' Equity

6 Months Ended

Jul. 29, 2018

Notes to financial statements [Abstract]

Shareholders' Equity

Shareholders’ Equity

Capital Return Program 

Beginning August 2004, our Board of Directors authorized us to repurchase our stock.

During the first half of fiscal year 2019, we repurchased a total of 3 million shares for $655 million. During the second quarter and first half offiscal year 2019, we also paid $91 million and $182 million, respectively, in cash dividends to our shareholders.

Through July 29, 2018, we have repurchased an aggregate of 254 million shares under our share repurchase program for a total cost of $6.16 billion. All shares delivered from these repurchases have been placed into treasury stock. As of July 29, 2018, we were authorized, subject to certain specifications, to repurchase additional shares of our common stock up to $1.16 billion through December 2020.

Preferred Stock

As of July 29, 2018 and January 28, 2018, there were no shares of preferred stock outstanding.

Common Stock

We are authorized to issue up to 2.00 billion shares of our common stock at $0.001 per share par value.