Earnings Per Share and Shareholders' Equity (Tables)

3 Months Ended

Apr. 29, 2023

Apr. 30, 2022

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 2023 and 2022:


	First Quarter
	2023	2022
	(in millions)
Common Shares	78	84
Treasury Shares	—	—
Basic Shares	78	84
Effect of Dilutive Awards (a)	2	3
Diluted Shares	80	87
Anti-dilutive Awards (a)	1	1

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(a)Shares underlying certain options, restricted stock units and performance share units 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 the March 2022 Share Repurchase Program during the first quarter of 2022:


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