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STOCKHOLDERS' EQUITY
 12 Months Ended
Jan. 29, 2023
Equity [Abstract]  
Stockholders' Equity STOCKHOLDERS’ EQUITY
Stock Rollforward
The following table presents a reconciliation of the number of shares of our common stock outstanding and cash dividends per share:
shares in millionsFiscalFiscalFiscal
202220212020
Common stock:
Balance at beginning of year1,792 1,789 1,786 
Shares issued under employee stock plans, net2 3 3 
Balance at end of year1,794 1,792 1,789 
Treasury stock:
Balance at beginning of year(757)(712)(709)
Repurchases of common stock(21)(45)(3)
Balance at end of year(778)(757)(712)
Shares outstanding at end of year1,016 1,035 1,077 
Cash dividends per share$7.60 $6.60 $6.00 
Share Repurchases
In August 2022, our Board of Directors approved a $15.0 billion share repurchase authorization that replaced the previous authorization of $20.0 billion, which was approved in May 2021. This new authorization does not have a prescribed expiration date. As of January 29, 2023, approximately $12.5 billion of the $15.0 billion share repurchase authorization remained available.
In March 2020, we suspended our share repurchases to enhance our liquidity position as a result of the COVID-19 pandemic. We resumed share repurchases in the first quarter of fiscal 2021.
The following table presents information about our repurchases of common stock, all of which were completed through open market purchases:
FiscalFiscalFiscal
in millions
202220212020
Total number of shares repurchased21 45 3 
Total cost of shares repurchased
$6,504 $15,001 $597 
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.