Subsequent event

12 Months Ended

Jan. 30, 2015

Subsequent event

Subsequent event

13. Subsequent events

        On March 10, 2015, the Company's Board of Directors authorized a $1.0 billion increase in the common stock repurchase program discussed in Note 12, increasing the total remaining share repurchase authorization to approximately $1.2 billion. The repurchase authorization has no expiration date and has terms and conditions consistent with those discussed in Note 12.

        Also on March 10, 2015, the Company's Board of Directors approved a quarterly cash dividend to shareholders. A cash dividend of $0.22 per share will be paid on April 22, 2015 to shareholders of record on April 8, 2015. The payment of future cash dividends is subject to the Board's discretion and will depend upon, among other things, the Company's results of operations, cash requirements, financial condition, contractual restrictions and other factors that the Board may deem relevant.