Basic and Diluted Earnings Per Share (Tables)

3 Months Ended

Apr. 28, 2024

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
Basic earnings per share:	April 28, 2024		April 30, 2023
Net income	$	101	$	133
Net income attributable to non-controlling interests	6		47
Net income available to Class A common stock	95		86
Weighted average shares outstanding	192,194,061		171,597,317
Net income per share	$	0.49	$	0.50
Diluted earnings per share:
Net income available to common shareholders - basic	$	95	$	86
Increase to net income attributable to dilutive instruments	5		35
Net income available to common shareholders - diluted	100		121
Weighted average shares outstanding - basic	192,194,061		171,597,317
Incremental shares of common stock attributable to dilutive instruments	10,421,763		72,119,447
Weighted average shares outstanding - diluted	202,615,824		243,716,764
Net income per share - diluted	$	0.49	$	0.50