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Net Income Per Share and Shareholders’ Equity (Deficit) (Tables)
3 Months Ended
May 03, 2025
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 first quarters of 2025 and 2024:
 First Quarter
20252024
(in millions)
Common Shares229 240 
Treasury Shares(15)(15)
Basic Shares214 225 
Effect of Dilutive Awards
Diluted Shares215 226 
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 authority of the Company’s Board of Directors, the Company repurchased shares of its common stock under the following repurchase programs during the first quarters of 2025 and 2024:
Repurchase
Program
Amount
Authorized
Shares
Repurchased
Amount
Repurchased
Average Stock Price
202520242025202420252024
(in millions)(in thousands)(in millions)
February 2022$1,500 NA842 NA$39 NA$46.08 
January 2024500 460 1,329 $17 60 $37.67 45.32 
January 2025500 3,866 NA118 NA30.47 NA
Total4,326 2,171 $135 $99 
Schedule of Dividends Paid
The Company paid the following dividends during the first quarters of 2025 and 2024:
Ordinary DividendsTotal Paid
(per share)(in millions)
2025
First Quarter$0.20 $43 
2024
First Quarter$0.20 $45