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Net Income Per Share
 9 Months Ended
Nov. 03, 2018
Earnings Per Share [Abstract]  
Net Income Per Share

7. Net Income Per Share

Basic net income per share is net income divided by the average number of common shares outstanding during the period. Diluted net income per share includes incremental shares assumed for share-based awards.

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)

November 3,

2018

October 28,

2017

November 3,

2018

October 28,

2017

Numerator—Net income

$

161

 

$

117

 

$

529

 

$

391

 

Denominator—Weighted average shares:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

164

 

 

166

 

 

165

 

 

168

 

Impact of dilutive stock-based awards

 

1

 

 

—

 

 

1

 

 

—

 

Diluted

 

165

 

 

166

 

 

166

 

 

168

 

Antidilutive shares

 

—

 

 

2

 

 

—

 

 

3

 

Net income per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

$

0.98

 

$

0.70

 

$

3.21

 

$

2.33

 

Diluted

$

0.98

 

$

0.70

 

$

3.19

 

$

2.32