Earnings Per Share and Shareholders' Equity (Tables)

3 Months Ended

Apr. 30, 2022

Earnings Per Share [Abstract]

Shares Utilized for the Calculation of Basic and Diluted Earnings Per Share

The following table provides the weighted-average shares utilized for the calculation of basic and diluted earnings per share for the first quarter of 2022 and 2021:

	First Quarter
	2022	2021
	(in millions)
Common Shares	84	88
Treasury Shares	—	—
Basic Shares	84	88
Effect of Dilutive Options and Restricted Stock	3	—
Diluted Shares	87	88
Anti-dilutive Options and Awards (a)	1	—

 _______________

(a)These options and awards were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive.

Schedule of Repurchase of Common Stock

The Company repurchased the following shares of its common stock during the first quarter of 2022 under its March 2022 Share Repurchase Program:

Repurchase Program	Amount Authorized		Shares Repurchased	Amount Repurchased		Average Stock Price
	(in millions)		(in thousands)	(in millions)
March 2022	$	250	2,162	$	109	$	50.43