Shareholders’ Equity (Deficit)

Common Stock Share Repurchases

Under the authority of the Company’s Board of Directors, the Company repurchased shares of its common stock under the following repurchase programs for fiscal 2017, 2016 and 2015:



			Shares Repurchased			Amount Repurchased						Average Stock Price of Shares Repurchased within Program
Repurchase Program	Amount Authorized		2017	2016	2015	2017		2016		2015		Average Stock Price of Shares Repurchased within Program
	(in millions)		(in thousands)			(in millions)
September 2017	$	250	3,858	NA	NA	$	202	NA		NA		$	52.37
February 2017	250		5,500	NA	NA	240		NA		NA		$	43.57
February 2016	500		51	5,719	NA	3		$	438	NA		$	76.47
June 2015	250		NA	NA	2,680	NA		NA		$	233	$	87.06
February 2015	250		NA	NA	2,788	NA		NA		250		$	89.45
Total			9,409	5,719	5,468	$	445	$	438	$	483

In September 2017, the Company's Board of Directors approved a $250 million share repurchase program, which included the $10 million remaining under the February 2017 repurchase program.

In February 2017, the Company's Board of Directors approved a $250 million share repurchase program, which included the $59 million remaining under the February 2016 repurchase program.

In February 2016, the Company's Board of Directors approved a $500 million share repurchase program, which included the $17 million remaining under the June 2015 repurchase program.

In June 2015, the Company's Board of Directors approved a $250 million share repurchase program, which included the $0.6 million remaining under the February 2015 repurchase program.

In February 2015, the Company's Board of Directors approved a $250 million share repurchase program, which included the $91 million remaining under the November 2012 repurchase program.

There were $2 million and $3 million of share repurchases reflected in Accounts Payable on the February 3, 2018 and January 28, 2017 Consolidated Balance Sheets, respectively.

Subsequent to February 3, 2018, the Company's Board of Directors approved a new $250 million share repurchase program, which included the $23 million remaining under the September 2017 repurchase program. The Company repurchased an additional 0.8 million shares of common stock for $35 million subsequent to February 3, 2018.

Treasury Stock Retirement

In November 2017, the Company retired 36 million shares of its treasury stock. The retirement resulted in a reduction of $2.036 billion in Treasury Stock, $18 million in the par value of Common Stock, $82 million in Paid-in Capital and $1.936 billion in Retained Earnings.

Dividends

Under the authority and declaration of the Board of Directors, the Company paid the following dividends during fiscal 2017, 2016 and 2015:



	Ordinary Dividends		Special Dividends		Total Dividends		Total Paid
	(per share)						(in millions)
2017
Fourth Quarter	$	0.60	$	—	$	0.60	$	170
Third Quarter	0.60		—		0.60		172
Second Quarter	0.60		—		0.60		172
First Quarter	0.60		—		0.60		172
2017 Total	$	2.40	$	—	$	2.40	$	686
2016
Fourth Quarter	$	0.60	$	—	$	0.60	$	172
Third Quarter	0.60		—		0.60		173
Second Quarter	0.60		—		0.60		173
First Quarter	0.60		2.00		2.60		750
2016 Total	$	2.40	$	2.00	$	4.40	$	1,268
2015
Fourth Quarter	$	0.50	$	—	$	0.50	$	145
Third Quarter	0.50		—		0.50		146
Second Quarter	0.50		—		0.50		146
First Quarter	0.50		2.00		2.50		734
2015 Total	$	2.00	$	2.00	$	4.00	$	1,171

Subsequent to February 3, 2018, the Company's Board of Directors declared the first quarter of 2018 ordinary dividend of $0.60 per share.