XML 31 R13.htm IDEA: XBRL DOCUMENT v3.21.1

Stockholders' Equity

12 Months Ended

Jan. 31, 2021

Equity [Abstract]

Stockholders' Equity

STOCKHOLDERS’ EQUITY

Stock Rollforward

A reconciliation of the number of shares of our common stock follows:

in millions			Fiscal						Fiscal						Fiscal
			2020						2019						2018
Common stock:
Balance at beginning of year			1,786						1,782						1,780
Shares issued under employee stock plans			3						4						2
Balance at end of year			1,789						1,786						1,782
Treasury stock:
Balance at beginning of year			(709)						(677)						(622)
Repurchases of common stock			(3)						(32)						(55)
Balance at end of year			(712)						(709)						(677)
Shares outstanding at end of year			1,077						1,077						1,105

Annual per share cash dividends follow:

			Fiscal						Fiscal						Fiscal
			2020						2019						2018
Cash dividends per share			$	6.00					$	5.44					$	4.12

Accelerated Share Repurchase Agreements

We enter into ASR agreements from time to time with third-party financial institutions to repurchase shares of our common stock. Under an ASR agreement, we pay a specified amount to the financial institution and receive an initial delivery of shares. This initial delivery of shares represents the minimum number of shares that we may receive under the agreement. Upon settlement of the ASR agreement, the financial institution delivers additional shares, with the final number of shares delivered determined with reference to the volume weighted average price per share of our common stock over the term of the agreement, less a negotiated discount. The transactions are accounted for as equity transactions and are included in treasury stock when the shares are received, at which time there is an immediate reduction in the weighted average common shares calculation for basic and diluted earnings per share.

The terms of each ASR agreement entered into during the last three fiscal years, structured as outlined above, follow (in millions):

Agreement Date						Settlement Date						Agreement Amount						Initial Shares Delivered						Additional Shares Delivered						Total Shares Delivered
Q1 2018						Q2 2018						750						3.4						0.8						4.2
Q2 2018						Q3 2018						1,600						7.1						1.0						8.1
Q3 2019						Q4 2019						820						3.2						0.4						3.6

X

- References

No definition available.

+ Details

Name:	us-gaap_EquityAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(e)(1))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-URI http://asc.fasb.org/topic&trid=2208762

+ Details

Name:	us-gaap_StockholdersEquityNoteDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration