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Earnings Per Share And Shareholders' Equity
 3 Months Ended
May 02, 2020
Earnings Per Share And Shareholders' Equity [Abstract]  
Earnings Per Share and Shareholders' Equity Earnings Per Share and Shareholders’ Equity (Deficit)
Earnings Per Share
Earnings per basic share is 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 2020 and 2019:
 
First Quarter
 
2020
 
2019
 
(in millions)
Weighted-average Common Shares:
 
 
 
Issued Shares
285

 
284

Treasury Shares
(8
)
 
(8
)
Basic Shares
277

 
276

Effect of Dilutive Options and Restricted Stock (a)
—

 
2

Diluted Shares
277

 
278

Anti-dilutive Options and Awards (a)
12

 
5

 _______________
(a)
These options and awards were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive. For the first quarter of 2020, the dilutive impact of outstanding options and awards were excluded from dilutive shares as a result of the Company's net loss for the period.
Shareholders’ Equity (Deficit)
Common Stock Share Repurchases
In March 2018, the Company's Board of Directors approved a $250 million repurchase program, which had $79 million remaining as of May 2, 2020.
The Company did not repurchase any shares during the first quarter of 2020 or 2019.
Dividends
Under the authority and declaration of the Board of Directors, the Company paid the following dividends during the first quarter of 2020 and 2019:
 
 
Ordinary Dividends
 
Total Paid
 
 
(per share)
 
(in millions)
2020
 
 
 
 
First Quarter
 
$
0.30

 
$
83

2019
 
 
 
 
First Quarter
 
$
0.30

 
$
83


The Board of Directors suspended the quarterly cash dividend beginning in the second quarter of fiscal 2020 as a proactive measure to strengthen the Company's financial flexibility and manage through the COVID-19 pandemic.