Basic and Diluted Earnings Per Share (Tables)

6 Months Ended

Jul. 30, 2023

Earnings Per Share [Abstract]

Schedule of basic and diluted earnings per share

The diluted earnings per share calculation includes the basic weighted average number of shares of Class A common stock outstanding plus the dilutive impact of potential outstanding shares of Class A common stock that would be issued upon exchange of Partnership Interests, together with the retirement of a corresponding number of shares of Class B common stock, under the if-converted method, if dilutive. The treasury stock method is applied to outstanding awards, including unvested Partnership Interests and outstanding stock appreciation rights, restricted stock units and stock options.

	Three Months Ended				Six Months Ended
Basic earnings per share:	July 30, 2023		July 31, 2022		July 30, 2023		July 31, 2022
Net income	$	164	$	182	$	297	$	319
Net income attributable to non-controlling interests	54		67		101		118
Net income available to Class A common stock	110		115		196		201
Weighted average shares outstanding	167,312,292		167,876,179		169,474,741		167,708,034
Net income per share	$	0.66	$	0.69	$	1.16	$	1.20
Diluted earnings per share:
Net income available to common shareholders - basic	$	110	$	115	$	196	$	201
Increase to net income attributable to dilutive instruments	40		50		75		88
Net income available to common shareholders - diluted	150		165		271		289
Weighted average shares outstanding - basic	167,312,292		167,876,179		169,474,741		167,708,034
Incremental shares of common stock attributable to dilutive instruments	61,670,989		78,299,699		66,901,176		78,452,777
Weighted average shares outstanding - diluted	228,983,281		246,175,878		236,375,917		246,160,811
Net income per share - diluted	$	0.66	$	0.67	$	1.15	$	1.17