Earnings (Loss) Per Share and Shareholders' Equity (Tables)

3 Months Ended

May 02, 2026

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 net income (loss) per share for the first quarter of 2026 and 2025:

	First Quarter
	2026	2025
	(in millions)
Common Shares	81	79
Treasury Shares	—	—
Basic Shares	81	79
Effect of Dilutive Awards (a)	4	—
Diluted Shares	85	79
Anti-dilutive Awards (a)	—	6

 _______________

(a)For the first quarter of 2026, shares underlying certain restricted stock units, performance share units and options were excluded from the calculation of net income per diluted share because their inclusion would have been anti-dilutive. For the first quarter of 2025, shares underlying outstanding restricted stock units, performance share units and options were excluded from the calculation of net loss per diluted share as a result of the Company’s net loss for the period.

Schedule of Repurchase Agreements

The Company repurchased the following shares of its common stock under the March 2024 Share Repurchase Program during the first quarter of 2026:

	Amount Authorized		Shares Repurchased	Amount Repurchased		Average Stock Price
	(in millions)		(in thousands)	(in millions)
March 2024 Share Repurchase Program	$	250	2,208	$	100	$	45.27