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Net Income Per Share and Shareholders’ Equity (Deficit) (Tables)
6 Months Ended
Aug. 03, 2024
Net Income Per Share and Shareholders’ Equity (Deficit) [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 Net Income per Basic and Diluted Share for the second quarters of and year-to-date 2024 and 2023:
 Second QuarterYear-to-Date
2024202320242023
(in millions)
Common Shares237 243 239 244 
Treasury Shares(15)(15)(15)(15)
Basic Shares222 228 224 229 
Effect of Dilutive Awards
Diluted Shares223 229 225 230 
Anti-dilutive Awards (a)— — 
 _______________
(a)These awards were excluded from the calculation of Net Income per Diluted Share because their inclusion would have been anti-dilutive.
Schedule of Repurchase of Common Stock Under the February 2022 Program, the Company repurchased the following shares of its common stock during year-to-date 2024 and 2023:
Repurchase ProgramShares
Repurchased
Amount
Repurchased
Average Stock Price
202420232024202320242023
(in thousands)(in millions)
February 2022842 1,326 $39 $50 $46.08 $37.65 
Under the January 2024 Program, the Company repurchased the following shares of its common stock during year-to-date 2024:
Repurchase ProgramShares
Repurchased
Amount
Repurchased
Average Stock Price
(in thousands)(in millions)
January 20244,921 $210 $42.72 
Schedule of Dividends Paid
The Company paid the following dividends during the first and second quarters of 2024 and 2023:
Ordinary DividendsTotal Paid
(per share)(in millions)
2024
First Quarter$0.20 $45 
Second Quarter0.20 45 
Total$0.40 $90 
2023
First Quarter$0.20 $46 
Second Quarter0.20 46 
Total$0.40 $92