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Earnings Per Share And Shareholders' Equity | 3 Months Ended
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May 04, 2013
Earnings Per Share And Shareholders' Equity [Abstract] |
Earnings Per Share And Shareholders' Equity | Earnings Per Share and Shareholders’ Equity Earnings Per Share Earnings per basic share are computed based on the weighted-average number of outstanding common shares. Earnings per diluted share include the weighted-average effect of dilutive options and restricted stock on the weighted-average shares outstanding. The following table provides shares utilized for the calculation of basic and diluted earnings per share for the first quarter of 2013 and 2012:
| First Quarter
| 2013 |  | 2012
| (in millions)
Weighted-average Common Shares: |  |  |
Issued Shares | 305 |  |  | 299 |
Treasury Shares | (16 | ) |  | (7 | )
Basic Shares | 289 |  |  | 292 |
Effect of Dilutive Options and Restricted Stock | 6 |  |  | 9 |
Diluted Shares | 295 |  |  | 301 |
Anti-dilutive Options and Awards (a) | 2 |  |  | 1 |
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(a) | These options and awards were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive.
Shareholders’ Equity Common Stock Repurchases Under the authority of the Company’s Board of Directors, the Company repurchased shares of its common stock under the following repurchase programs during the first quarter of 2013 and 2012:
| Amount Authorized |  | Shares Repurchased |  | Amount Repurchased |  | Average Stock Price of Shares Repurchased within Program
Repurchase Program |  | 2013 |  | 2012 |  | 2013 |  | 2012 |
| (in millions) |  | (in thousands) |  | (in millions) |  |
November 2012 (a) | $ | 250 |  |  | 1,217 |  |  | NA |  |  | $ | 55 |  |  | NA |  |  | $ | 44.91 |
February 2012 (b) | 500 |  |  | NA |  |  | 4,594 |  |  | NA |  |  | $ | 217 |  |  | 47.13 |
November 2011 | 250 |  |  | NA |  |  | 3,657 |  |  | NA |  |  | 164 |  |  | 44.90 |
Total |  |  | 1,217 |  |  | 8,251 |  |  | $ | 55 |  |  | $ | 381 |  |  |
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(a) | The November 2012 repurchase program had $184 million remaining as of May 4, 2013.
(b) | The February 2012 repurchase program had $50 million remaining at the time it was cancelled in conjunction with the approval of the November 2012 repurchase program.
NA | Not applicable
There were no share repurchases reflected in Accounts Payable on the May 4, 2013 Consolidated Balance Sheet. There were $9 million of share repurchases reflected in Accounts Payable as of April 28, 2012. Dividends Under the authority and declaration of the Board of Directors, the Company paid the following dividends during the first quarter of 2013 and 2012:
|  | Ordinary Dividends |  | Special Dividends |  | Total Dividends |  | Total Paid
|  | (per share) |  | (in millions)
2013 |  |  |  |  |  |  |  |
First Quarter |  | $ | 0.30 |  |  | $ | — |  |  | $ | 0.30 |  |  | $ | 87 |
2012 |  |  |  |  |  |  |  |
First Quarter |  | $ | 0.25 |  |  | $ | — |  |  | $ | 0.25 |  |  | $ | 73 |

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