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Repurchase of Common Stock | 6 Months Ended
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Jul. 29, 2023
Repurchase of Common Stock [Abstract] |
Repurchase of Common Stock | 9. Repurchase of Common Stock On February 28, 2022, our Board of Directors approved a $5.0 billion share repurchase program, which replaced the $5.0 billion share repurchase program authorized on February 16, 2021. There is no expiration date governing the period over which we can repurchase shares under this authorization. Information regarding share repurchases was as follows ($ and shares in millions, except per share amounts):
| Three Months Ended |  | Six Months Ended
| July 29, 2023 |  | July 30, 2022 |  | July 29, 2023 |  | July 30, 2022
Total cost of shares repurchased | $ | 69 |  |  | $ | 10 |  |  | $ | 150 |  |  | $ | 452 |
Average price per share | $ | 76.88 |  |  | $ | 83.71 |  |  | $ | 76.48 |  |  | $ | 96.83 |
Total number of shares repurchased |  | 0.9 |  |  |  | 0.1 |  |  |  | 2.0 |  |  |  | 4.6 |
As of July 29, 2023, $4.0 billion of the $5.0 billion share repurchase authorization was available. Between the end of the second quarter of fiscal 2024 on July 29, 2023, and August 30, 2023, we repurchased an incremental 0.3 million shares of our common stock at a cost of $25 million. We currently expect to continue share repurchases throughout fiscal 2024, with the level of repurchases being slightly higher in the second half of the year than the first half of the year.

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