Share Repurchases

Share repurchase activity is as follows:



	13 Weeks Ended
($ and shares in millions except average per share cost)	May 3, 2014		May 4, 2013
Number of shares repurchased	5.6		1.7
Total cost	$	219	$	58
Average per share cost including commissions	$	39.25	$	34.27

In January 2013, the Board of Directors authorized $1 billion for share repurchases, all of which was completed by the end of January 2014. In November 2013, we announced that the Board of Directors approved a new $1 billion share repurchase authorization, of which $747 million was remaining as of May 3, 2014.

All except $19 million and $30 million of total share repurchases were paid for as of May 3, 2014 and February 1, 2014, respectively. All of the share repurchases were paid for as of May 4, 2013.

As of March 1, 2014, the Company retired all existing treasury stock. Upon retirement, the treasury stock balance was reduced for the amount originally recorded for the shares repurchased. Common stock was also reduced, at par, for the shares repurchased, and the remaining balance was allocated between additional paid-in capital and retained earnings, resulting in additional paid-in capital and treasury stock balances of zero as of May 3, 2014. All common stock repurchased subsequent to March 1, 2014 is immediately retired and all shares related to stock options and other stock awards are issued from authorized but unissued common stock.