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Stockholders' Equity
3 Months Ended
May 02, 2021
Equity [Abstract]  
Stockholders' Equity STOCKHOLDERS' EQUITY
Stock Rollforward
The following table presents a reconciliation of the number of shares of our common stock and cash dividends per share:
shares in millionsThree Months Ended
May 2,
2021
May 3,
2020
Common stock:
Balance at beginning of period1,789 1,786 
Shares issued under employee stock plans
Balance at end of period1,790 1,788 
Treasury stock:
Balance at beginning of period(712)(709)
Repurchases of common stock(13)(3)
Balance at end of period(725)(712)
Shares outstanding at end of period1,065 1,076 
Cash dividends per share$1.65 $1.50 
Share Repurchases
In February 2019, our Board of Directors authorized $15.0 billion in share repurchases, of which approximately $3.7 billion remained available as of May 2, 2021. In May 2021, our Board of Directors approved a $20.0 billion share repurchase authorization that replaced the February 2019 authorization. This new authorization does not have a prescribed expiration date.
In March 2020, we suspended our share repurchases to enhance our liquidity position during the COVID-19 pandemic. We resumed share repurchases in the first quarter of fiscal 2021 and repurchased 13 million shares of our common stock for $4.0 billion through open market purchases. In the first quarter of fiscal 2020, we repurchased 3 million shares of our common stock for $597 million through open market purchases prior to the suspension of share repurchases. These amounts may differ from the repurchases of common stock amounts in the consolidated statements of cash flows due to unsettled share repurchases at the end of a period.