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Net Income Per Share (Tables)
3 Months Ended
Apr. 29, 2023
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:

 

 

Quarter Ended

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

April 29,
2023

April 30,
2022

Numerator—Net income

$14

$14

Denominator—Weighted-average shares:

 

 

Basic

110

127

Dilutive impact

1

2

Diluted

111

129

Net income per share:

 

 

Basic

$0.13

$0.11

Diluted

$0.13

$0.11

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:

 

 

Quarter Ended

(Shares in Millions)

April 29,
2023

April 30,
2022

Anti-dilutive shares

3

3