Repurchase of Common Stock

9 Months Ended

Oct. 31, 2020

Repurchase of Common Stock [Abstract]

Repurchase of Common Stock

9. Repurchase of Common Stock

On February 23, 2019, our Board of Directors authorized a $3.0 billion share repurchase program. There is no expiration date governing the period over which we can repurchase shares under the February 2019 authorization. On March 21, 2020, we announced the suspension of all share repurchases to conserve liquidity in light of COVID-19-related uncertainties. We resumed repurchases in the fourth quarter of fiscal 2021.

Information regarding the shares we repurchased was as follows ($ and shares in millions, except per share amounts):

	Three Months Ended				Nine Months Ended
	October 31, 2020		November 2, 2019		October 31, 2020		November 2, 2019
Total cost of shares repurchased	$	-	$	371	$	56	$	707
Average price per share	$	-	$	67.28	$	86.30	$	68.56
Number of shares repurchased		-		5.5		0.6		10.3

As of October 31, 2020, $1.9 billion of the $3.0 billion share repurchase authorization was available.