Shareholders' Equity (Deficit)

12 Months Ended

Feb. 01, 2020

Stockholders' Equity Note [Abstract]

Shareholders’ Equity (Deficit)

Common Stock Share Repurchases

The Company did not repurchase any shares during 2019.

Under the authority of the Company’s Board of Directors, the Company repurchased shares of its common stock under the following repurchase programs for fiscal 2018 and 2017:



			Shares Repurchased		Amount Repurchased				Average Stock Price of Shares Repurchased within Program
Repurchase Program	Amount Authorized		2018	2017	2018		2017		Average Stock Price of Shares Repurchased within Program
	(in millions)		(in thousands)		(in millions)
March 2018	$	250	4,852	NA	$	171	NA		$	35.29
September 2017	250		527	3,858	25		$	202	$	51.72
February 2017	250		NA	5,500	NA		240		$	43.57
February 2016	500		NA	51	NA		3		$	76.47
Total			5,379	9,409	$	196	$	445

In March 2018, the Company's Board of Directors approved a new $250 million share repurchase program, which included the $23 million remaining under the September 2017 repurchase program.

The March 2018 repurchase program had $79 million remaining as of February 1, 2020.

Treasury Stock Retirement

In November 2017, the Company retired 36 million shares of its treasury stock. The retirement resulted in a reduction of $2.036 billion in Treasury Stock, $18 million in the par value of Common Stock, $82 million in Paid-in Capital and $1.936 billion in Retained Earnings.

Dividends

Under the authority and declaration of the Board of Directors, the Company paid the following dividends during fiscal 2019, 2018 and 2017:



	Ordinary Dividends		Total Paid
	(per share)		(in millions)
2019
Fourth Quarter	$	0.30	$	83
Third Quarter	0.30		83
Second Quarter	0.30		83
First Quarter	0.30		83
2019 Total	$	1.20	$	332
2018
Fourth Quarter	$	0.60	$	166
Third Quarter	0.60		165
Second Quarter	0.60		167
First Quarter	0.60		168
2018 Total	$	2.40	$	666
2017
Fourth Quarter	$	0.60	$	170
Third Quarter	0.60		172
Second Quarter	0.60		172
First Quarter	0.60		172
2017 Total	$	2.40	$	686

Subsequent to February 1, 2020, the Company's Board of Directors declared the first quarter of 2020 ordinary dividend of $0.30 per share.