Earnings Per Share And Shareholders' Equity
 3 Months Ended
May 04, 2013
Earnings Per Share And Shareholders' Equity [Abstract]  
Earnings Per Share And Shareholders' Equity
Earnings Per Share and Shareholders’ Equity
Earnings Per Share
Earnings per basic share are computed based on the weighted-average number of outstanding common shares. Earnings per diluted share include the weighted-average effect of dilutive options and restricted stock on the weighted-average shares outstanding.
The following table provides shares utilized for the calculation of basic and diluted earnings per share for the first quarter of 2013 and 2012:
 
First Quarter
 
2013
 
2012
 
(in millions)
Weighted-average Common Shares:
 
 
 
Issued Shares
305

 
299

Treasury Shares
(16
)
 
(7
)
Basic Shares
289

 
292

Effect of Dilutive Options and Restricted Stock
6

 
9

Diluted Shares
295

 
301

Anti-dilutive Options and Awards (a)
2

 
1

 _______________
(a)
These options and awards were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive.
Shareholders’ Equity
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 first quarter of 2013 and 2012:
 
Amount Authorized
 
Shares
Repurchased
 
Amount
Repurchased
 
Average Stock Price of Shares Repurchased within Program
Repurchase Program
 
2013
 
2012
 
2013
 
2012
 
 
(in millions)
 
(in thousands)
 
(in millions)
 
 
November 2012 (a)
$
250

 
1,217

 
NA

 
$
55

 
NA

 
$
44.91

February 2012 (b)
500

 
NA

 
4,594

 
NA

 
$
217

 
47.13

November 2011
250

 
NA

 
3,657

 
NA

 
164

 
44.90

Total
 
 
1,217

 
8,251

 
$
55

 
$
381

 
 
 _______________
(a)
The November 2012 repurchase program had $184 million remaining as of May 4, 2013.
(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.
NA
Not applicable
There were no share repurchases reflected in Accounts Payable on the May 4, 2013 Consolidated Balance Sheet. There were $9 million of share repurchases reflected in Accounts Payable as of April 28, 2012.
Dividends
Under the authority and declaration of the Board of Directors, the Company paid the following dividends during the first quarter of 2013 and 2012:
 
 
Ordinary Dividends
 
Special Dividends
 
Total Dividends
 
Total Paid
 
 
(per share)
 
(in millions)
2013
 
 
 
 
 
 
 
 
First Quarter
 
$
0.30

 
$
—

 
$
0.30

 
$
87

2012
 

 

 

 

First Quarter
 
$
0.25

 
$
—

 
$
0.25

 
$
73