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Common Stock Repurchases
9 Months Ended
Oct. 02, 2011
Common Stock Repurchases/Comprehensive Income [Abstract] 
Common Stock Repurchases

Note 3 — Common Stock Repurchases

On March 9, 2011, the Company’s Board of Directors authorized a stock repurchase program of up to $750.0 million of its common stock. The repurchases under this program are funded from the proceeds of the sale of the external storage systems business, available cash and short-term investments. Under this program, the Company repurchased 11.2 million shares for $75.0 million during the three months ended October 2, 2011 and 67.5 million shares for $471.8 million during the nine months ended October 2, 2011. The repurchased shares were retired immediately after the repurchases were completed. Retirement of the repurchased shares is recorded as a reduction of common stock and additional paid-in capital. As of October 2, 2011, $278.2 million remained available under this stock repurchase program.