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Stockholders' Equity | 9 Months Ended
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Apr. 27, 2024
Stockholders' Equity Note [Abstract] |
Stockholders' Equity | Stockholders’ Equity (a)Stock Repurchase Program In September 2001, our Board of Directors authorized a stock repurchase program. As of April 27, 2024, the remaining authorized amount for stock repurchases under this program was approximately $7.2 billion with no termination date. The stock repurchase activity for fiscal 2024 and 2023 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 2024 |  |  |  |  |  |
April 27, 2024 |  | 26 |  |  | $ | 49.22 |  |  | $ | 1,256 |
January 27, 2024 |  | 25 |  |  | $ | 49.54 |  |  | $ | 1,254 |
October 28, 2023 |  | 23 |  |  | $ | 54.53 |  |  | $ | 1,252 |
Fiscal 2023 |  |  |  |  |  |
July 29, 2023 |  | 25 |  |  | $ | 50.49 |  |  | $ | 1,254 |
April 29, 2023 |  | 25 |  |  | $ | 49.45 |  |  | $ | 1,259 |
January 28, 2023 |  | 26 |  |  | $ | 47.72 |  |  | $ | 1,256 |
October 29, 2022 |  | 12 |  |  | $ | 43.76 |  |  | $ | 502 |
There were stock repurchases of $38 million and $48 million that were pending settlement as of April 27, 2024 and July 29, 2023, respectively. 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. (b) Dividends Declared On May 15, 2024, our Board of Directors declared a quarterly dividend of $0.40 per common share to be paid on July 24, 2024, to all stockholders of record as of the close of business on July 5, 2024. Future dividends will be subject to the approval of our Board of Directors. (c) Preferred Stock Under the terms of our Amended and Restated Certificate of Incorporation, the Board of Directors is authorized to issue preferred stock in 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, if any, of such series, and any qualifications, limitations or restrictions thereof, of the shares of such series. As of April 27, 2024, we had not issued any shares of preferred stock.

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