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Share Repurchases
3 Months Ended
May 02, 2015
Disclosure Share Repurchase Activity [Abstract]  
Share Repurchases
Share Repurchases
Share repurchase activity is as follows:
 
13 Weeks Ended
($ and shares in millions except average per share cost)
May 2,
2015
 
May 3,
2014
Number of shares repurchased
5.6

 
5.6

Total cost
$
230

 
$
219

Average per share cost including commissions
$
41.01

 
$
39.25



In November 2013, we announced that the Board of Directors authorized a total of $1.0 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 $500 million share repurchase authorization, of which $72 million was remaining as of May 2, 2015. In February 2015, we announced that the Board of Directors approved a new $1.0 billion share repurchase authorization, of which the full amount was remaining as of May 2, 2015.
All except $13 million, $15 million and $19 million of total share repurchases were paid for as of May 2, 2015, January 31, 2015 and May 3, 2014, respectively.  All common stock repurchased is immediately retired.