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Shareholders' Equity | 12 Months Ended
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Jul. 27, 2019
Stockholders' Equity Note [Abstract] |
Shareholders' Equity | Shareholders’ Equity
(a) | Cash Dividends on Shares of Common Stock
We declared and paid cash dividends of $1.36, $1.24 and $1.10 per common share, or $6.0 billion, $6.0 billion and $5.5 billion, on our outstanding common stock during fiscal 2019, 2018, and 2017, respectively. Any future dividends will be subject to the approval of our Board of Directors.
(b) | Stock Repurchase Program
In September 2001, our Board of Directors authorized a stock repurchase program. On February 13, 2019, our Board of Directors authorized a $15 billion increase to the stock repurchase program. As of July 27, 2019, the remaining authorized amount for stock repurchases under this program, including the additional authorization, is approximately $13.5 billion, with no termination date. A summary of the stock repurchase activity under the stock repurchase program, reported based on the trade date, is as follows (in millions, except per-share amounts):
Years Ended |  | Shares |  | Weighted-Average Price per Share |  | Amount
July 27, 2019 |  | 418 |  |  | $ | 49.22 |  |  | $ | 20,577 |
July 28, 2018 |  | 432 |  |  | $ | 40.88 |  |  | $ | 17,661 |
July 29, 2017 |  | 118 |  |  | $ | 31.38 |  |  | $ | 3,706 |
There were $40 million, $180 million and $66 million in stock repurchases pending settlement as of July 27, 2019, July 28, 2018 and July 29, 2017, respectively. The purchase price for the shares of our stock repurchased is reflected as a reduction to shareholders’ equity. We are required to allocate the purchase price of the repurchased shares as (i) a reduction to retained earnings or increase to accumulated deficit and (ii) a reduction of common stock and additional paid-in capital.
(c) | Preferred Stock
Under the terms of our Articles of Incorporation, the Board of Directors may determine the rights, preferences, and terms of our authorized but unissued shares of preferred stock.

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