6. Share Repurchase

We repurchase shares primarily through open market transactions under a $5 billion share repurchase program authorized by our Board of Directors in January 2012. During the first quarter of 2012, we completed a $10 billion share repurchase program that was authorized by our Board of Directors in November 2007.

Share Repurchases	Three Months Ended
(millions, except per share data)	May 4, 2013		April 28, 2012
Total number of shares purchased	8.5		10.5
Average price paid per share	$	64.04	$	57.31
Total investment	$	547	$	604

Of the shares reacquired, a portion was delivered upon settlement of prepaid forward contracts as follows:

Settlement of Prepaid Forward Contracts(a)	Three Months Ended
	May 4,		April 28,
(millions)	2013		2012
Total number of shares purchased	0.1		0.2
Total cash investment	$	7	$	12
Aggregate market value(b)	$	9	$	12

(a) These contracts are among the investment vehicles used to reduce our economic exposure related to our nonqualified deferred compensation plans. The details of our positions in prepaid forward contracts are provided in Note 7.

(b) At their respective settlement dates.