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Earnings Per Share And Shareholders' Equity
9 Months Ended
Oct. 31, 2020
Earnings Per Share And Shareholders' Equity [Abstract]  
Earnings Per Share and Shareholders' Equity Earnings (Loss) Per Share and Shareholders’ Equity (Deficit)
Earnings (Loss) Per Share
Earnings (Loss) per basic share is computed based on the weighted-average number of outstanding common shares. Earnings (Loss) per diluted share include the weighted-average effect of dilutive options and restricted stock on the weighted-average shares outstanding.
The following table provides the weighted-average shares utilized for the calculation of basic and diluted earnings (loss) per share for the third quarter and year-to-date 2020 and 2019:
 Third QuarterYear-to-Date
2020201920202019
(in millions)
Common Shares287 284 286 284 
Treasury Shares(8)(8)(8)(8)
Basic Shares279 276 278 276 
Effect of Dilutive Options and Restricted Stock— — — 
Diluted Shares283 276 278 276 
Anti-dilutive Options and Awards (a)14 11 14 
 _______________
(a)These options and awards were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive. For 2019 and year-to-date 2020, the dilutive impact of outstanding options and awards were excluded from dilutive shares as a result of the Company's net loss for the periods.
Shareholders’ Equity (Deficit)
Common Stock Share Repurchases
In March 2018, the Company's Board of Directors approved a $250 million repurchase program, which had $79 million remaining as of October 31, 2020. The Company did not repurchase any shares during 2020 or 2019.
Dividends
Under the authority and declaration of the Board of Directors, the Company paid the following dividends during year-to-date 2020 and 2019:
Ordinary DividendsTotal Paid
(per share)(in millions)
2020
Third Quarter$— $— 
Second Quarter— — 
First Quarter0.30 83 
Total$0.30 $83 
2019
Third Quarter$0.30 $83 
Second Quarter0.30 83 
First Quarter0.30 83 
Total$0.90 $249 
The Board of Directors suspended the quarterly cash dividend beginning in the second quarter of 2020.