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CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($)
$ in Millions
Additional Paid-In Capital & Common Stock
Treasury Stock
Retained Earnings
Accumulated Other Comprehensive Loss
Noncontrolling Interest [Member]
Total
Beginning Balance at Feb. 02, 2019 $ 809 $ (37) $ 2,104 $ (370)   $ 2,506
Beginning Balance (in shares) at Feb. 02, 2019 112,933,000          
Beginning Balance (in treasury shares) at Feb. 02, 2019   (711,000)        
Restricted stock issued (in shares) 88,000          
Issued under director and stock plans $ 4         4
Issued under director and stock plans (in shares) 183,000          
Share-based compensation expense $ 19         19
Shares of common stock used to satisfy tax withholding obligations   $ (2)       (2)
Shares of common stock used to satisfy tax withholding obligations (in shares)   (32,000)        
Share repurchases   $ (300)       (300)
Share repurchases (in shares)   (7,493,000)        
Reissued - employee stock purchase plan   $ 6       6
Reissued - employee stock purchase plan (in shares)   96,000        
Net Income     357     357
Cash dividends declared on common stock ($0.15 and $0.38 per share as of the 13 weeks ended October 31, 2020 and November 2, 2019 respectively and $0.55 and $1.14 during the 39 weeks ended October 31, 2020 and November 2, 2019 respectively)     (125)     (125)
Translation adjustment, net of tax       (16)   (16)
Change in cash flow hedges, net of tax       (2)   (2)
Pension and postretirement adjustments, net of tax       6   6
Cumulative effect of the adoption new ASUs     (26)     (26)
Ending Balance at Nov. 02, 2019 $ 832 $ (333) 2,310 (382)   $ 2,427
Ending Balance (in shares) at Nov. 02, 2019 113,204,000          
Ending Balance (in treasury shares) at Nov. 02, 2019   (8,140,000)       (8,139,520)
Beginning Balance at Aug. 03, 2019 $ 825 $ (155) 2,226 (384)   $ 2,512
Beginning Balance (in shares) at Aug. 03, 2019 113,200,000          
Beginning Balance (in treasury shares) at Aug. 03, 2019   (3,579,000)        
Issued under director and stock plans $ 1         1
Issued under director and stock plans (in shares) 4,000          
Share-based compensation expense $ 6         6
Share repurchases   $ (178)       (178)
Share repurchases (in shares)   (4,561,000)        
Net Income     125     125
Cash dividends declared on common stock ($0.15 and $0.38 per share as of the 13 weeks ended October 31, 2020 and November 2, 2019 respectively and $0.55 and $1.14 during the 39 weeks ended October 31, 2020 and November 2, 2019 respectively)     (41)     (41)
Translation adjustment, net of tax       5   5
Change in cash flow hedges, net of tax       (5)   (5)
Pension and postretirement adjustments, net of tax       2   2
Ending Balance at Nov. 02, 2019 $ 832 $ (333) 2,310 (382)   $ 2,427
Ending Balance (in shares) at Nov. 02, 2019 113,204,000          
Ending Balance (in treasury shares) at Nov. 02, 2019   (8,140,000)       (8,139,520)
Beginning Balance at Feb. 01, 2020 $ 764   2,103 (394)   $ 2,473 [1]
Beginning Balance (in shares) at Feb. 01, 2020 104,188,000          
Restricted stock issued (in shares) 120,000          
Issued under director and stock plans $ 4         4
Issued under director and stock plans (in shares) 144,000          
Share-based compensation expense $ 9         9
Shares of common stock used to satisfy tax withholding obligations   $ (1)       (1)
Shares of common stock used to satisfy tax withholding obligations (in shares)   (42,000)        
Share repurchases   $ (10)       (10)
Share repurchases (in shares)   (308,000)        
Reissued - employee stock purchase plan (in shares)   23,000        
Net Income     200     200
Cash dividends declared on common stock ($0.15 and $0.38 per share as of the 13 weeks ended October 31, 2020 and November 2, 2019 respectively and $0.55 and $1.14 during the 39 weeks ended October 31, 2020 and November 2, 2019 respectively)     (58)     (58)
Translation adjustment, net of tax       20   20
Change in cash flow hedges, net of tax       3   3
Noncontrolling interest acquired         $ 6 6
Pension and postretirement adjustments, net of tax       6   6
Ending Balance at Oct. 31, 2020 $ 777 $ (11) 2,245 (365) 6 $ 2,652
Ending Balance (in shares) at Oct. 31, 2020 104,452,000          
Ending Balance (in treasury shares) at Oct. 31, 2020   (327,000)       (326,727)
Beginning Balance at Aug. 01, 2020 $ 774   1,996 (367)   $ 2,403
Beginning Balance (in shares) at Aug. 01, 2020 104,392,000          
Restricted stock issued (in shares) 53,000          
Issued under director and stock plans $ 1         1
Issued under director and stock plans (in shares) 7,000          
Share-based compensation expense $ 2         2
Shares of common stock used to satisfy tax withholding obligations   $ (1)       (1)
Shares of common stock used to satisfy tax withholding obligations (in shares)   (19,000)        
Share repurchases   $ (10)       (10)
Share repurchases (in shares)   (308,000)        
Net Income     265     265
Cash dividends declared on common stock ($0.15 and $0.38 per share as of the 13 weeks ended October 31, 2020 and November 2, 2019 respectively and $0.55 and $1.14 during the 39 weeks ended October 31, 2020 and November 2, 2019 respectively)     (16)     (16)
Noncontrolling interest acquired         6 6
Pension and postretirement adjustments, net of tax       2   2
Ending Balance at Oct. 31, 2020 $ 777 $ (11) $ 2,245 $ (365) $ 6 $ 2,652
Ending Balance (in shares) at Oct. 31, 2020 104,452,000          
Ending Balance (in treasury shares) at Oct. 31, 2020   (327,000)       (326,727)
[1] The balance sheet at February 1, 2020 has been derived from the previously reported audited consolidated financial statements at that date, but does not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements. For further information, refer to the consolidated financial statements and footnotes thereto included in Foot Locker, Inc.’s Annual Report on Form 10-K for the year ended February 1, 2020.