Net Income Per Share and Shareholders’ Equity (Deficit) (Tables)

9 Months Ended

Oct. 28, 2023

Net Income Per Share and Shareholders’ Equity (Deficit) [Abstract]

Shares Utilized for the Calculation of Basic and Diluted Earnings Per Share

The following table provides the weighted-average shares utilized for the calculation of Net Income per Basic and Diluted Share for the third quarters of and year-to-date 2023 and 2022:

	Third Quarter		Year-to-Date
	2023	2022	2023	2022
	(in millions)
Common Shares	242	243	243	248
Treasury Shares	(15)	(15)	(15)	(15)
Basic Shares	227	228	228	233
Effect of Dilutive Awards	1	1	1	2
Diluted Shares	228	229	229	235
Anti-dilutive Awards (a)	—	1	1	1

 _______________

(a)These awards were excluded from the calculation of Net Income per Diluted Share because their inclusion would have been anti-dilutive.

Schedule of Repurchase of Common Stock

Under the February 2022 Program, the Company repurchased the following shares of its common stock during year-to-date 2023:

Repurchase Program	Amount Authorized		Shares Repurchased	Amount Repurchased		Average Stock Price
	(in millions)		(in thousands)	(in millions)
February 2022	$	1,500	2,765	$	100	$	36.16

Schedule of Dividends Paid

The Company paid the following dividends during year-to-date 2023 and 2022:

	Ordinary Dividends		Total Paid
	(per share)		(in millions)
2023
First Quarter	$	0.20	$	46
Second Quarter	0.20		46
Third Quarter	0.20		45
Total	$	0.60	$	137
2022
First Quarter	$	0.20	$	48
Second Quarter	0.20		46
Third Quarter	0.20		46
Total	$	0.60	$	140