Stock Repurchase Programs

9 Months Ended

Oct. 29, 2016

Schedule of Share Repurchase Program Activity [Abstract]

The Company’s Board of Directors has authorized the Company to repurchase the Company’s Class A Common Stock under open-ended stock plans. These authorizations permit the Company to repurchase its Class A Common Stock in the open market, pursuant to preset trading plans meeting the requirements of Rule 10b5-1 under the Securities Exchange Act of 1934 or through privately negotiated transactions. On February 25, 2016, the Company’s Board of Directors authorized the Company to repurchase $500 million of the Company’s Class A Common Stock under an open-ended stock repurchase plan. The authorization has no expiration date.

The following is a summary of share repurchase activity for the periods indicated (in millions, except per share data):



	Three Months Ended				Nine Months Ended
	October 29, 2016		October 31, 2015		October 29, 2016		October 31, 2015
Cost of shares repurchased	$	53.1	$	174.6	$	165.6	$	382.5
Number of shares repurchased	0.9		1.9		2.5		3.7
Average price per share	$	61.64	$	92.45	$	67.13	$	102.52

All repurchases of the Company’s Class A Common Stock above were made at the market price at the trade date. Accordingly, all amounts paid to reacquire these shares were allocated to Treasury Stock. As of October 29, 2016, $334.4 million of authorization remained under the Company's stock repurchase plan.