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Share Repurchases
6 Months Ended
Jul. 30, 2016
Disclosure Share Repurchase Activity [Abstract]  
Share Repurchases
Share Repurchases
Share repurchase activity is as follows:
 
13 Weeks Ended
 
26 Weeks Ended
($ and shares in millions except average per share cost)
July 30,
2016
 
August 1,
2015
 
July 30,
2016
 
August 1,
2015
Number of shares repurchased

 
10.0

 

 
15.6

Total cost
$

 
$
377

 
$

 
$
607

Average per share cost including commissions
$

 
$
37.60

 
$

 
$
38.82


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 The February 2015 repurchase program, which had $302 million remaining, was superseded and replaced by the February 2016 repurchase program.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 July 30, 2016, as there were no shares repurchased during the thirteen and twenty-six weeks ended July 30, 2016.
All of the share repurchases were paid for as of January 30, 2016 and August 1, 2015. All common stock repurchased is immediately retired.