Share Repurchases

9 Months Ended

May 03, 2015

Equity [Abstract]

Share Repurchases

Share Repurchases

In June 2011, our Board of Directors authorized the purchase of up to $1,000 of our stock. This program has no expiration date. In addition to this publicly announced program, we also repurchase shares to offset the impact of dilution from shares issued under our stock compensation plans.

During the nine-month period ended May 3, 2015, we repurchased 4 million shares at a cost of $192. Of this amount, $150 was used to repurchase shares pursuant to our June 2011 publicly announced share repurchase program. Approximately $600 remained available under this program as of May 3, 2015. During the nine-month period ended April 27, 2014, we repurchased 2 million shares at a cost of $76 to offset the impact of dilution from shares issued under our stock compensation plans.