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Share Repurchases
3 Months Ended
Apr. 30, 2016
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)
April 30,
2016
 
May 2,
2015
Number of shares repurchased

 
5.6

Total cost
$

 
$
230

Average per share cost including commissions
$

 
$
41.01



In October 2014, we announced that the Board of Directors approved a $500 million share repurchase authorization, all of which was completed by the end of May 2015. In February 2015, we announced that the Board of Directors approved a $1.0 billion share repurchase authorization (the "February 2015 repurchase program"). In February 2016, we announced that the Board of Directors approved a new $1.0 billion share repurchase authorization (the "February 2016 repurchase program"). The February 2015 repurchase program, which had $302 million remaining, was superseded and replaced by the February 2016 repurchase program. The February 2016 repurchase program still had $1.0 billion remaining as of April 30, 2016, as there were no shares repurchased during the thirteen weeks ended April 30, 2016.
All except $13 million of the total share repurchases were paid for as of May 2, 2015. All of the share repurchases were paid for as of January 30, 2016. All common stock repurchased is immediately retired.