Shareholders' Equity

12 Months Ended

Feb. 02, 2013

Stockholders' Equity Note [Abstract]

Shareholders' Equity

Shareholders’ Equity

Common Stock Repurchases

Under the authority of the Company’s Board of Directors, the Company repurchased shares of its common stock under the following repurchase programs during the fiscal years 2012, 2011 and 2010:

			Shares Repurchased			Amount Repurchased						Average Stock Price of Shares Repurchased within Program
Repurchase Program	Amount  Authorized		2012	2011	2010	2012		2011		2010
	(in millions)		(in thousands)			(in millions)
November 2012 (a)	$	250	245	NA	NA	$	11	NA		NA		$	45.47
February 2012 (b)	500		9,871	NA	NA	450		NA		NA		45.61
November 2011	250		3,657	2,116	NA	164		$	85	NA		44.90
May 2011	500		NA	13,293	NA	NA		500		NA		37.59
March 2011	500		NA	13,695	NA	NA		500		NA		36.49
November 2010 (c)	200		NA	3,431	1,907	NA		109		$	60	31.68
March 2010 (d)	200		NA	NA	5,714	NA		NA		147		25.69
Total			13,773	32,535	7,621	$	625	$	1,194	$	207

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(a) The November 2012 repurchase program had $239 million remaining as of February 2, 2013.

(b) The February 2012 repurchase program had $50 million remaining at the time it was cancelled in conjunction with the approval of the November 2012 repurchase program.

(c) The November 2010 repurchase program had $31 million remaining at the time it was cancelled in conjunction with the approval of the March 2011 repurchase program.

(d) The March 2010 repurchase program had $53 million remaining at the time it was cancelled in conjunction with the approval of the November 2010 repurchase program.

NA Not applicable

There were no share repurchases reflected in Accounts Payable on the 2012 Consolidated Balance Sheet. There were $4 million of share repurchases reflected in Accounts Payable as of January 28, 2012.

Subsequent to February 2, 2013, the Company repurchased an additional 0.5 million shares of common stock for $24 million under the November 2012 repurchase program.

Dividends

Under the authority and declaration of the Board of Directors, the Company paid the following dividends during the fiscal years 2012, 2011 and 2010:

	Ordinary Dividends		Special Dividends		Total Dividends		Total Paid
	(per share)						(in millions)
2012
Fourth Quarter	$	0.25	$	3.00	$	3.25	$	942
Third Quarter	0.25		1.00		1.25		361
Second Quarter	0.25		—		0.25		73
First Quarter	0.25		—		0.25		73
2012 Total	$	1.00	$	4.00	$	5.00	$	1,449
2011
Fourth Quarter	$	0.20	$	2.00	$	2.20	$	653
Third Quarter	0.20		—		0.20		60
Second Quarter	0.20		1.00		1.20		367
First Quarter	0.20		—		0.20		64
2011 Total	$	0.80	$	3.00	$	3.80	$	1,144
2010
Fourth Quarter	$	0.15	$	3.00	$	3.15	$	1,017
Third Quarter	0.15		—		0.15		49
Second Quarter	0.15		—		0.15		49
First Quarter	0.15		1.00		1.15		373
2010 Total	$	0.60	$	4.00	$	4.60	$	1,488

Subsequent to February 2, 2013, the Board of Directors declared the first quarter 2013 common stock dividend of $0.30 per share payable on March 8, 2013 to shareholders of record at the close of business on February 22, 2013. This is a $0.05 increase from the 2012 quarterly dividends.

Treasury Stock Retirement

In December 2011, the Company retired 39 million shares of its treasury stock. The retirement resulted in a reduction of $1.341 billion in Treasury Stock, $19 million in the par value of Common Stock, $286 million in Paid-in Capital and $1.036 billion in Retained Earnings.