Earnings Per Share and Shareholders' Equity (Tables)

6 Months Ended

Jul. 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 second quarter and year-to-date 2022 and 2021:

	Second Quarter		Year-to-Date
	2022	2021	2022	2021
	(in millions)
Common Shares	83	88	83	88
Treasury Shares	—	—	—	—
Basic Shares	83	88	83	88
Effect of Dilutive Options and Restricted Stock Awards	1	—	3	—
Diluted Shares	84	88	86	88
Anti-dilutive Options and Restricted Stock Awards (a)	2	—	1	—

 _______________

(a)These options and restricted stock 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 under its March 2022 Share Repurchase Program during year-to-date 2022:

	Amount Authorized		Shares Repurchased	Amount Repurchased		Average Stock Price
	(in millions)		(in thousands)	(in millions)
March 2022 Share Repurchase Program	$	250	3,879	$	171	$	44.06