Subsequent event

9 Months Ended

Nov. 01, 2013

Subsequent event

Subsequent event

11. Subsequent event

On December 4, 2013, the Company’s Board of Directors authorized a $1.0 billion increase in the common stock repurchase program discussed in Note 10, increasing the total remaining share repurchase authorization to approximately $1.22 billion at that date. The repurchase authorization has no expiration date and allows repurchases from time to time in the open market or in privately negotiated transactions, which could include repurchases from Buck Holdings or other related parties as deemed appropriate. The timing and number of shares purchased depends on a variety of factors, such as price, market conditions and other factors. Repurchases under the program may be funded from available cash or borrowings under the Facilities discussed in Note 4.