The value of the futures contracts on individual securities may not be less than Rs. sgx nifty futures is the derivative contract which is traded on the Singapore stock exchange. The price step in respect of the options contracts is Re.0.05. SGX Nifty Futures contract Specifications Underlying Stock Index each Futures position is SGX -DC (Derivatives Clearing). Options on individual securities. The strike scheme for options contracts on all individual securities is based on the volatility of the underlying stock. MSCI Taiwan (USD) Index Futures Find all communication issued by the Exchange in this section, Daily and Archive Reports, Formats and Business Growth download it here, Homepage for Researchers and Academia to participate in research initiatives, You will be redirected to another link to complete the login, A futures contract is a forward contract, which is traded on an Exchange. SGX Nifty and Indian Nifty Index are highly correlated. SGX Nifty is Singapore Stock Exchange Nifty, which implies the Indian CNX Nifty traded in Singapore exchange. WebContract : CNX Nifty 50 Index : Exchange : SGX : Tick Size : 0.5 index point (USD 1.00 per contract) Daily Limit : 10% in either direction from the previous day's settlement price : WebContract Multiplier. SGX Nifty, also known as a Singapore Nifty, involves taking position in the Singapore Exchange on Futures contracts . (1)8Table of ContentsThe third tranche consisted of$1.0 billion of 4.95%senior notes due September 15,2052 at a discount of$14 million.Interest on thesenotes is due semi-annually on March 15 and September 15 of each year,beginning March 15,2023.Issuance costs totaled$15 million.March 2022 Issuance.In March 2022,we issued four tranches of senior notes.The first tranche consisted of$500 million of 2.70%senior notes due April 15,2025 at a discount of$1 million.Interest on these notes isdue semi-annually on April 15 and October 15 of each year,beginning October 15,2022.The second tranche consisted of$750 million of 2.875%senior notes due April 15,2027 at a discount of$4 million.Interest on thesenotes is due semi-annually on April 15 and October 15 of each year,beginning October 15,2022.The third tranche consisted of$1.25 billion of 3.25%senior notes due April 15,2032 at a discount of$6 million.Interest on these notes isdue semi-annually on April 15 and October 15 of each year,beginning October 15,2022.The fourth tranche consisted of$1.5 billion of 3.625%senior notes due April 15,2052 at a discount of$32 million.Interest on thesenotes is due semi-annually on April 15 and October 15 of each year,beginning October 15,2022.Issuance costs totaled$22 million.Each of these senior notes may be redeemed by us at any time,in whole or in part,at the redemption price plus accrued interest up to theredemption date.Prior to the Par Call Date,as defined in the notes,the redemption price is equal to the greater of(1)100%of the principalamount of the notes to be redeemed or(2)the sum of the present values of the remaining scheduled payments of principal and interest to thePar Call Date.On or after the Par Call Date,the redemption price is equal to 100%of the principal amount of the notes.Additionally,if a Changein Control Triggering Event occurs,as defined in the notes,holders of all such notes have the right to require us to redeem those notes at 101%of the aggregate principal amount of the notes plus accrued interest up to the redemption date.The indenture governing the notes does not generally limit our ability to incur additional indebtedness or require us to maintain financial ratios orspecified levels of net worth or liquidity.The indenture governing the notes contains various customary covenants;however,none are expectedto impact our liquidity or capital resources.Repayments.In March 2022,we repaid our$700 million 3.25%senior notes and$300 million floating rate senior notes at maturity.In May 2022,we repaid our$1.25 billion 2.625%senior notes,which had a maturity date of June 2022,at the Par Call Date for the notes.Derivative Instruments and Hedging ActivitiesWe had outstanding interest rate swap agreements with combined notional amounts of$5.4 billion at both October 30,2022 and January 30,2022.These agreements are accounted for as fair value hedges that swap fixed for variable rate interest to hedge changes in the fair values ofcertain senior notes.At October 30,2022,the fair values of these agreements totaled$1.0 billion,all of which is recognized within other long-term liabilities on the consolidated balance sheet.At January 30,2022,the fair values of these agreements totaled$191 million,with$249 millionrecognized in other long-term liabilities and$58 million recognized in other assets on the consolidated balance sheet.All of our interest rate swap agreements designated as fair value hedges meet the shortcut method requirements under GAAP.Accordingly,thechanges in the fair values of these agreements offset the changes in the fair value of the hedged long-term debt.There were no material changes to the other hedging arrangements disclosed in our 2021 Form 10-K,and all related activity was immaterial forthe periods presented within this document.Collateral.We generally enter into master netting arrangements,which are designed to reduce credit risk by permitting net settlement oftransactions with the same counterparty.To further limit our credit risk,we enter into collateral security arrangements that provide for collateral tobe received or posted when the net fair value of certain derivative instruments exceeds or falls below contractually established thresholds.Thecash collateral posted by the Company related to derivative instruments under our collateral security arrangements was$883 million as ofOctober 30,2022,which was recorded in other current assets on the consolidated balance sheet.We did not hold any cash collateral as ofOctober 30,2022,and cash collateral both held and posted was immaterial as of January 30,2022.9Table of Contents5.STOCKHOLDERS EQUITYStock RollforwardThe following table presents a reconciliation of the number of shares of our common stock outstanding and cash dividends per share:shares in millionsThree Months EndedNine Months EndedOctober 30,2022October 31,2021October 30,2022October 31,2021Common stock:Balance at beginning of period1,793 1,791 1,792 1,789 Shares issued under employee stock plans 1 2 Balance at end of period1,793 1,791 1,793 1,791 Treasury stock:Balance at beginning of period(769)(735)(757)(712)Repurchases of common stock(4)(10)(16)(33)Balance at end of period(773)(745)(773)(745)Shares outstanding at end of period1,020 1,046 1,020 1,046 Cash dividends per share$1.90$1.65$5.70$4.95 Share RepurchasesIn August 2022,our Board of Directors approved a$15.0 billion share repurchase authorization that replaced the previous authorization of$20.0 billion,which was approved in May 2021.This new authorization does not have a prescribed expiration date.As of October 30,2022,$14.0 billion of the$15.0 billion share repurchase authorization remained available.The following table presents information about our repurchases of common stock,all of which were completed through open market purchases:in millionsThree Months EndedNine Months EndedOctober 30,2022October 31,2021October 30,2022October 31,2021Total number of shares repurchased4 10 16 33 Total cost of shares repurchased$1,224$3,500$4,994$10,500 These amounts may differ from the repurchases of common stock amounts in the consolidated statements of cash flows due to unsettled sharerepurchases at the end of a period.6.FAIR VALUE MEASUREMENTSThe fair value of an asset is considered to be the price at which the asset could be sold in an orderly transaction between unrelatedknowledgeable and willing parties.A liabilitys fair value is defined as the amount that would be paid to transfer the liability to a new obligor,rather than the amount that would be paid to settle the liability with the creditor.Assets and liabilities recorded at fair value are measured using athree-tier fair value hierarchy,which prioritizes the inputs used in measuring fair value.The levels of the fair value hierarchy are:Level 1:observable inputs such as quoted prices in active markets for identical assets or liabilities;Level 2:inputs other than quoted prices in active markets in Level 1 that are either directly or indirectly observable;andLevel 3:unobservable inputs for which little or no market data exists,therefore requiring management judgment to develop theCompanys own models with estimates and assumptions.10Table of ContentsAssets and Liabilities Measured at Fair Value on a Recurring BasisThe following table presents the assets and liabilities that are measured at fair value on a recurring basis:October 30,2022January 30,2022in millions Level 1Level 2Level 3Level 1Level 2Level 3Derivative agreements assets$58$Derivative agreements liabilities(977)(249)Total$(977)$(191)$The fair values of our derivative instruments are determined using an income approach and Level 2 inputs,which include the respective interestrate or foreign currency forward curves and discount rates.Our derivative instruments are discussed further in Note 4.Assets and Liabilities Measured at Fair Value on a Nonrecurring BasisLong-lived assets,goodwill,and other intangible assets are subject to nonrecurring fair value measurement for the assessment of impairment.During the third quarter of fiscal 2022,we completed our annual assessment of the recoverability of goodwill for our U.S.,Canada and Mexicoreporting units based on qualitative factors.We performed a qualitative assessment to determine if there were any indicators of impairment andconcluded that while there have been events and circumstances in the macro-environment that have impacted us,we have not experienced anyentity-specific indicators that would indicate that it is more likely than not that the fair value of any of our reporting units were less than theircarrying amounts.Additionally,during the third quarter of fiscal 2022,we completed our annual assessment of the recoverability of our indefinite-lived intangibles based on quantitative factors and concluded no impairment losses should be recognized.We did not have any material assets or liabilities that were measured at fair value on a nonrecurring basis during the three and nine monthsended October 30,2022 or October 31,2021.Other Fair Value DisclosuresThe carrying amounts of cash and cash equivalents,receivables,accounts payable,and short-term debt approximate fair value due to theirshort-term nature.The following table presents the aggregate fair values and carrying values of our senior notes:October 30,2022January 30,2022in millions Fair Value(Level 1)CarryingValueFair Value(Level 1)CarryingValueSenior notes$35,453$39,702$39,397$35,815 7.WEIGHTED AVERAGE COMMON SHARESThe following table presents the reconciliation of our basic to diluted weighted average common shares:in millionsThree Months EndedNine Months EndedOctober 30,2022October 31,2021October 30,2022October 31,2021Basic weighted average common shares1,020 1,049 1,024 1,059 Effect of potentially dilutive securities 3 4 4 4 Diluted weighted average common shares1,023 1,053 1,028 1,063 Anti-dilutive securities excluded from diluted weighted average commonshares1 1 (1)Represents the dilutive impact of stock-based awards.8.CONTINGENCIESWe are involved in litigation arising in the normal course of business.In managements opinion,any such litigation is not expected to have amaterial adverse effect on our consolidated financial condition,results of operations or cash flows.
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