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Shareholders' Deficit (Tables)
9 Months Ended
Nov. 01, 2024
Stockholders' Equity Note [Abstract]  
Summary of Accelerated Share Repurchases The terms of the ASR agreements entered into during the nine months ended November 1, 2024, are as follows (in millions):
Agreement Execution
Date
Agreement Settlement
Date
ASR
Agreement Amount
Initial Shares Delivered at InceptionAdditional Shares Delivered at SettlementTotal Shares Delivered
Q1 2024Q1 2024$325 1.1 0.2 1.3
Q2 2024Q2 2024375 1.4 0.3 1.7
Q3 2024Q3 2024400 1.3 0.2 1.5
Schedule of Repurchase of Common Stock
In addition, the Company repurchased shares of its common stock through the open market as follows:
Three Months EndedNine Months Ended
November 1, 2024November 1, 2024
(In millions)SharesCostSharesCost
Open market share repurchases1.3$356 5.5 $1,321 
Schedule of Share Repurchases
Total shares repurchased for the three and nine months ended November 1, 2024, and November 3, 2023, were as follows:
Three Months Ended
November 1, 2024November 3, 2023
(In millions)SharesCostSharesCost
Share repurchase program1
2.8 $756 7.3 $1,595 
Shares withheld from employees0.1 — 
Total share repurchases2.9 $758 7.3 $1,596 
Nine Months Ended
November 1, 2024November 3, 2023
(In millions)SharesCostSharesCost
Share repurchase program1
10.0 $2,421 27.3 $5,795 
Shares withheld from employees0.3 94 0.7 135 
Total share repurchases10.3 $2,515 28.0 $5,930 
1 Includes excise tax on share repurchases in excess of issuances as part of the cost basis of the shares acquired.