Shareholders' Equity (Deficit)
 12 Months Ended
Feb. 01, 2014
Stockholders' Equity Note [Abstract]  
Shareholders' Equity
Shareholders’ Equity (Deficit)
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 2013, 2012 and 2011:
 
 
 
 
Shares Repurchased
 
Amount Repurchased
 
Average Stock
Price of
Shares
Repurchased
within
Program
Repurchase Program
 
Amount  Authorized
 
2013
 
2012
 
2011
 
2013
 
2012
 
2011
 
 
 
(in millions)
 
(in thousands)
 
(in millions)
 
 
November 2012 (a)
 
$
250

 
1,377

 
245

 
NA

 
$
63

 
$
11

 
NA

 
$
45.80

February 2012 (b)
 
500

 
NA

 
9,871

 
NA

 
NA

 
450

 
NA

 
45.61

November 2011
 
250

 
NA

 
3,657

 
2,116

 
NA

 
164

 
$
85

 
44.90

May 2011
 
500

 
NA

 
NA

 
13,293

 
NA

 
NA

 
500

 
37.59

March 2011
 
500

 
NA

 
NA

 
13,695

 
NA

 
NA

 
500

 
36.49

November 2010 (c)
 
200

 
NA

 
NA

 
3,431

 
NA

 
NA

 
109

 
31.68

Total
 
 
 
1,377

 
13,773

 
32,535

 
$
63

 
$
625

 
$
1,194

 
 
 ________________
(a)
The November 2012 repurchase program had $176 million remaining as of February 1, 2014.
(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.
NA
Not applicable
There were $3 million share repurchases reflected in Accounts Payable on the February 1, 2014 Consolidated Balance Sheet. There were no share repurchases reflected in Accounts Payable as of February 2, 2013.
Subsequent to February 1, 2014, the Company repurchased an additional 0.3 million shares of common stock for $15 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 2013, 2012 and 2011:
 
 
Ordinary Dividends
 
Special Dividends
 
Total Dividends
 
Total Paid
 
 
(per share)
 
(in millions)
2013
 
 
 
 
 
 
 
 
Fourth Quarter
 
$
0.30

 
$
—

 
$
0.30

 
$
88

Third Quarter
 
0.30

 
—

 
0.30

 
87

Second Quarter
 
0.30

 
—

 
0.30

 
87

First Quarter
 
0.30

 
—

 
0.30

 
87

2013 Total
 
$
1.20

 
$
—

 
$
1.20

 
$
349

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

Subsequent to February 1, 2014, the Board of Directors declared an increase in the first quarter 2014 ordinary dividend from $0.30 to $0.34 per share and a special dividend of $1 per share. Both dividends, totaling $390 million, were paid on March 7, 2014 to shareholders of record at the close of business on February 21, 2014.
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.