Earnings/(Loss) per Share

6 Months Ended

Aug. 01, 2020

Earnings Per Share [Abstract]

Earnings/(Loss) per Share

5. Earnings/(Loss) per Share

Net income/(loss) and shares used to compute basic and diluted earnings/(loss) per share (EPS) are reconciled below:

	Three Months Ended				Six Months Ended
(In millions, except per share data)	August 1, 2020		August 3, 2019		August 1, 2020		August 3, 2019
Earnings/(loss)
Net income/(loss)	$	(398)	$	(48)	$	(944)	$	(202)
Shares
Weighted average common shares outstanding (basic shares)	324.6		319.4		324.2		318.6
Adjustment for assumed dilution:
Stock options and restricted stock awards	—		—		—		—
Weighted average shares assuming dilution (diluted shares)	324.6		319.4		324.2		318.6
EPS
Basic	$	(1.23)	$	(0.15)	$	(2.91)	$	(0.63)
Diluted	$	(1.23)	$	(0.15)	$	(2.91)	$	(0.63)

The following average potential shares of common stock were excluded from the diluted EPS calculation because their effect would have been anti-dilutive: 

	Three Months Ended		Six Months Ended
(Shares in millions)	August 1, 2020	August 3, 2019	August 1, 2020	August 3, 2019
Stock options and restricted stock awards	9.9	24.7	15.1	23.6