Share Repurchases

Share repurchase activity is as follows:



	13 Weeks Ended				39 Weeks Ended
($ and shares in millions except average per share cost)	November 1, 2014		November 2, 2013		November 1, 2014		November 2, 2013
Number of shares repurchased	11.4		20.4		26.0		22.7
Total cost	$	433	$	790	$	1,016	$	875
Average per share cost including commissions	$	37.95	$	38.77	$	39.15	$	38.49

Between January 2013 and November 2013, we announced that the Board of Directors authorized a total of $2.0 billion for share repurchases, all of which was completed by the end of October 2014. In October 2014, we announced that the Board of Directors approved a new $500 million share repurchase authorization, of which $450 million was remaining as of November 1, 2014.

All of the share repurchases were paid for as of November 1, 2014 and November 2, 2013. All except $30 million of total share repurchases were paid for as of February 1, 2014.

As of March 1, 2014, the Company retired all existing treasury stock. Upon retirement, the treasury stock balance as of March 1, 2014 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. 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.