Earnings Per Share And Shareholders' Equity

9 Months Ended

Nov. 01, 2014

Earnings Per Share And Shareholders' Equity [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

Earnings Per Share and Shareholders’ Equity (Deficit)

Earnings Per Share

Earnings per basic share are computed based on the weighted-average number of outstanding common shares. Earnings per diluted share include the weighted-average effect of dilutive options and restricted stock on the weighted-average shares outstanding.

The following table provides shares utilized for the calculation of basic and diluted earnings per share for the third quarter and year-to-date 2014 and 2013:

	Third Quarter				Year-to-Date
	2014		2013		2014		2013
	(in millions)
Weighted-average Common Shares:
Issued Shares	309		306		309		306
Treasury Shares	(17	)	(16	)	(17	)	(16	)
Basic Shares	292		290		292		290
Effect of Dilutive Options and Restricted Stock	6		7		6		6
Diluted Shares	298		297		298		296
Anti-dilutive Options and Awards (a)	—		—		1		2

 _______________

(a) These options and awards were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive.

Shareholders’ Equity (Deficit)

Common Stock Repurchases

Under the authority of the Company’s Board of Directors, the Company repurchased shares of its common stock under the following repurchase program during year-to-date 2014 and 2013:

	Amount Authorized		Shares Repurchased		Amount Repurchased				Average Stock Price of Shares Repurchased within Program
Repurchase Program			2014	2013	2014		2013
	(in millions)		(in thousands)		(in millions)
November 2012	$	250	826	1,217	$	45	$	55	$	48.52

The November 2012 repurchase program had $131 million remaining as of November 1, 2014. There were no share repurchases reflected in Accounts Payable on the November 1, 2014 or November 2, 2013 Consolidated Balance Sheets. There were $3 million share repurchases reflected in Accounts Payable on the February 1, 2014 Consolidated Balance Sheet.

Dividends

Under the authority and declaration of the Board of Directors, the Company paid the following dividends during 2014 and 2013:

	Ordinary Dividends		Special Dividends		Total Dividends		Total Paid
	(per share)						(in millions)
2014
Third Quarter	$	0.34	$	—	$	0.34	$	100
Second Quarter	0.34		—		0.34		99
First Quarter	0.34		1.00		1.34		392
2014 Total	$	1.02	$	1.00	$	2.02	$	591
2013
Third Quarter	$	0.30	$	—	$	0.30	$	87
Second Quarter	0.30		—		0.30		87
First Quarter	0.30		—		0.30		87
2013 Total	$	0.90	$	—	$	0.90	$	261