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Earnings Per Share and Shareholders’ Equity (Deficit)
 3 Months Ended
Apr. 29, 2023
Earnings Per Share And Shareholders' Equity [Abstract]  
Earnings Per Share and Shareholders’ Equity (Deficit) Earnings Per Share and Shareholders’ Equity (Deficit)
Earnings Per Share
Earnings per basic share is computed based on the weighted-average number of common shares outstanding. Earnings per diluted share includes the weighted-average effect of dilutive restricted stock units, performance share units and stock options (collectively, "Dilutive Awards") on the weighted-average common shares outstanding.
The following table provides the weighted-average shares utilized for the calculation of Basic and Diluted Earnings per Share for the first quarters of 2023 and 2022:
 First Quarter
20232022
(in millions)
Common Shares244 255 
Treasury Shares(15)(15)
Basic Shares229 240 
Effect of Dilutive Awards1 3 
Diluted Shares230 243 
Anti-dilutive Awards (a)1 — 
 _______________
(a)These awards were excluded from the calculation of Diluted Earnings per Share because their inclusion would have been anti-dilutive.
Common Stock Repurchases
2022 Share Repurchase Program
In February 2022, the Company's Board of Directors (the "Board") authorized a $1.5 billion share repurchase program (the "February 2022 Program"). The Company did not repurchase any shares of its common stock during the first quarter of 2023. The February 2022 Program had $188 million of remaining authority as of April 29, 2023. Subsequent to April 29, 2023 through June 2, 2023, the Company repurchased an additional 216 thousand shares of its common stock for $8 million under the February 2022 Program.
Dividends
The Company paid the following dividends during the first quarters of 2023 and 2022:
Ordinary DividendsTotal Paid
(per share)(in millions)
2023
First Quarter$0.20 $46 
2022
First Quarter$0.20 $48 
In May 2023, the Board declared the second quarter 2023 ordinary dividend of $0.20 per share payable on June 16, 2023 to stockholders of record at the close of business on June 2, 2023.