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STOCKHOLDERS' EQUITY (Tables)
9 Months Ended
Oct. 29, 2023
Equity [Abstract]  
Summary of Reconciliation of the Number of Shares of our Common Stock Outstanding and Cash Dividends Per Share
The following table presents a reconciliation of the number of shares of our common stock outstanding and cash dividends per share:
shares in millionsThree Months EndedNine Months Ended
October 29,
2023
October 30,
2022
October 29,
2023
October 30,
2022
Common stock:
Shares at beginning of period
1,796 1,793 1,794 1,792 
Shares issued under employee stock plans, net
— — 
Shares at end of period
1,796 1,793 1,796 1,793 
Treasury stock:
Shares at beginning of period
(795)(769)(778)(757)
Repurchases of common stock(5)(4)(22)(16)
Shares at end of period
(800)(773)(800)(773)
Shares outstanding at end of period996 1,020 996 1,020 
Cash dividends per share$2.09 $1.90 $6.27 $5.70 
Summary of Repurchases of Common Stock
The following table presents information about our repurchases of common stock, all of which were completed through open market purchases:
in millionsThree Months EndedNine Months Ended
October 29,
2023
October 30,
2022
October 29,
2023
October 30,
2022
Total number of shares repurchased22 16 
Total cost of shares repurchased (1)
$1,516 $1,224 $6,561 $4,994 
—————
(1) Effective January 1, 2023, the Company’s share repurchases are subject to a 1% excise tax as a result of the Inflation Reduction Act of 2022. Excise taxes incurred on share repurchases represent direct costs of the repurchase and are recorded as a part of the cost basis of the shares within treasury stock.