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Stockholders' Equity | 9 Months Ended
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May 01, 2021
Stockholders' Equity Note [Abstract] |
Stockholders' Equity | Stockholders’ Equity (a)Cash Dividends on Shares of Common Stock We declared and paid cash dividends of $0.37 and $0.36 per common share, or $1.6 billion and $1.5 billion, on our outstanding common stock for the third quarter of fiscal 2021 and 2020, respectively. We declared and paid cash dividends of $1.09 and $1.06 per common share, or $4.6 billion and $4.5 billion, on our outstanding common stock for the first nine months of fiscal 2021 and 2020, 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. As of May 1, 2021, the remaining authorized amount for stock repurchases under this program was approximately $8.7 billion with no termination date. A summary of the stock repurchase activity for fiscal 2021 and 2020 under the stock repurchase program, reported based on the trade date, is summarized as follows (in millions, except per-share amounts):
Quarter Ended |  | Shares |  | Weighted-Average Price per Share |  | Amount
Fiscal 2021 |  |  |  |  |  |
May 1, 2021 |  | 10 |  |  | $ | 48.71 |  |  | $ | 510 |
January 23, 2021 |  | 19 |  |  | $ | 42.82 |  |  | $ | 801 |
October 24, 2020 |  | 20 |  |  | $ | 40.44 |  |  | $ | 800 |
Fiscal 2020 |  |  |  |  |  |
July 25, 2020 |  | — |  |  | $ | — |  |  | $ | — |
April 25, 2020 |  | 25 |  |  | $ | 39.71 |  |  | $ | 981 |
January 25, 2020 |  | 18 |  |  | $ | 46.71 |  |  | $ | 870 |
October 26, 2019 |  | 16 |  |  | $ | 48.91 |  |  | $ | 768 |
There were $15 million stock repurchases that were pending settlement as of May 1, 2021. There were no stock repurchases that were pending settlement as of July 25, 2020. The purchase price for the shares of our stock repurchased is reflected as a reduction to stockholders’ equity. We are required to allocate the purchase price of the repurchased shares as (i) a reduction to retained earnings or an increase to accumulated deficit and (ii) a reduction of common stock and additional paid-in capital. (c) Preferred Stock Under the terms of our Amended and Restated Certificate of Incorporation, the Board of Directors is authorized to issue preferred stock of one or more series and, in connection with the creation of such series, to fix by resolution the designation, powers (including voting powers (if any)), preferences and relative, participating, optional or other special rights of such series, and any qualification, limitations or restrictions thereof, of the shares of such series. As of May 1, 2021, we had not issued any 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://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
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