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Net Income Per Share (Tables)
9 Months Ended
Oct. 29, 2022
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Net Income Per Share

The information required to compute basic and diluted net income per share is as follows:

 

 

Three Months Ended

Nine Months Ended

(Dollar and Shares in Millions, Except per Share Data)

October 29,
2022

October 30,
2021

October 29,
2022

October 30,
2021

Numerator—Net income

$97

$243

$254

$639

Denominator—Weighted-average shares:

 

 

 

 

Basic

118

145

124

151

Dilutive impact

1

2

2

2

Diluted

119

147

126

153

Net income per share:

 

 

 

 

Basic

$0.82

$1.67

$2.05

$4.24

Diluted

$0.82

$1.65

$2.02

$4.19

Schedule of Potential Shares of Common Stock Excluded From the Diluted Net Income Per Share

The following potential shares of common stock were excluded from the diluted net income per share calculation because their effect would have been anti-dilutive:

 

 

Three Months Ended

Nine Months Ended

(Shares in Millions)

October 29, 2022

October 30, 2021

October 29, 2022

October 30, 2021

Anti-dilutive shares

3

3

3

3