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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
Cumulative effect of the adoption new ASUs $ 764   $ 2,103 $ (394)   $ 2,473
Beginning Balance at Feb. 01, 2020 $ 764   2,103 (394)   2,473
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         $ 6 6
Reissued - employee stock purchase plan (in shares)   23,000        
Net Income (loss)     200     200
Cash dividends declared on common stock     (58)     (58)
Translation adjustment, net of tax       20   20
Change in cash flow hedges, net of tax       3   3
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         104,451,566
Ending Balance (in treasury shares) at Oct. 31, 2020   (327,000)       (326,727)
Cumulative effect of the adoption new ASUs $ 774   1,996 (367)   $ 2,403
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 (loss)     265     265
Cash dividends declared on common stock     (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         104,451,566
Ending Balance (in treasury shares) at Oct. 31, 2020   (327,000)       (326,727)
Cumulative effect of the adoption new ASUs $ 777 $ (11) 2,245 (365) 6 $ 2,652
Cumulative effect of the adoption new ASUs 779 (3) 2,326 (331) 5 2,776 [1]
Beginning Balance at Jan. 30, 2021 $ 779 $ (3) 2,326 (331) 5 $ 2,776 [1]
Beginning Balance (in shares) at Jan. 30, 2021 103,693,000         103,693,359
Beginning Balance (in treasury shares) at Jan. 30, 2021   (74,000)       (74,236)
Restricted stock issued (in shares) 498,000          
Issued under director and stock plans $ 11         $ 11
Issued under director and stock plans (in shares) 351,000          
Share-based compensation expense $ 23         23
Shares of common stock used to satisfy tax withholding obligations   $ (11)       (11)
Shares of common stock used to satisfy tax withholding obligations (in shares)   (205,000)        
Share repurchases   $ (170)       (170)
Share repurchases (in shares)   (3,496,000)        
Reissued - employee stock purchase plan (7) $ 14       7
Reissued - employee stock purchase plan (in shares)   301,000        
Net Income (loss)     790     790
Cash dividends declared on common stock     (72)     (72)
Translation adjustment, net of tax       (17)   (17)
Change in cash flow hedges, net of tax       1   1
Pension and postretirement adjustments, net of tax       4   4
Ending Balance at Oct. 30, 2021 $ 806 $ (170) 3,044 (343) 5 $ 3,342
Ending Balance (in shares) at Oct. 30, 2021 104,542,000         104,541,760
Ending Balance (in treasury shares) at Oct. 30, 2021   (3,474,000)       (3,473,932)
Cumulative effect of the adoption new ASUs $ 799 $ (41) 2,916 (338) 5 $ 3,341
Beginning Balance at Jul. 31, 2021 $ 799 $ (41) 2,916 (338) 5 3,341
Beginning Balance (in shares) at Jul. 31, 2021 104,516,000          
Beginning Balance (in treasury shares) at Jul. 31, 2021   (714,000)        
Restricted stock issued (in shares) 19,000          
Issued under director and stock plans (in shares) 7,000          
Share-based compensation expense $ 7         7
Shares of common stock used to satisfy tax withholding obligations (in shares)   (10,000)        
Share repurchases   $ (129)       (129)
Share repurchases (in shares)   (2,750,000)        
Net Income (loss)     158     158
Cash dividends declared on common stock     (30)     (30)
Translation adjustment, net of tax       (7)   (7)
Change in cash flow hedges, net of tax       1   1
Pension and postretirement adjustments, net of tax       1   1
Ending Balance at Oct. 30, 2021 $ 806 $ (170) 3,044 (343) 5 $ 3,342
Ending Balance (in shares) at Oct. 30, 2021 104,542,000         104,541,760
Ending Balance (in treasury shares) at Oct. 30, 2021   (3,474,000)       (3,473,932)
Cumulative effect of the adoption new ASUs $ 806 $ (170) $ 3,044 $ (343) $ 5 $ 3,342
[1] The balance sheet at January 30, 2021 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 January 30, 2021.