Net Income Per Share

3 Months Ended

May 04, 2019

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 and stock warrants.

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

	Quarter Ended
(Dollar and Shares in Millions, Except per Share Data)	May 4, 2019		May 5, 2018
Numerator—Net income	$	62	$	75
Denominator—Weighted-average shares:
Basic		161		165
Dilutive impact		1		2
Diluted		162		167
Net income per share:
Basic	$	0.38	$	0.46
Diluted	$	0.38	$	0.45