Repurchase of Common Stock

6 Months Ended

Aug. 03, 2013

Repurchase of Common Stock [Abstract]

Repurchase of Common Stock

Repurchase of Common Stock

In June 2011, our Board of Directors authorized a $5.0 billion share repurchase program. There is no expiration date governing the period over which we can repurchase shares under the June 2011 share repurchase program. For the three and six months ended August 4, 2012, we repurchased 6.3 million and 10.9 million shares, respectively, of our common stock at a cost of $122 million and $237 million, respectively. No shares were repurchased during the three or six months ended August 3, 2013.

At August 3, 2013, $4.0 billion remained available for additional purchases under the June 2011 share repurchase program. Repurchased shares have been retired and constitute authorized but unissued shares. We have currently suspended our share repurchase program.