Earnings Per Share (Tables)

6 Months Ended

Aug. 03, 2024

Earnings Per Share [Abstract]

Summary of Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings (loss) per share:

	13 Weeks Ended
	August 3, 2024					July 29, 2023
	Net Income				Shares	Net Loss				Shares
	(millions, except per share data)
Net income (loss) and average number of shares outstanding	$	150			276.7	$	(22)			272.8
Shares to be issued under deferred compensation and other plans					1.0					1.0
	$	150			277.7	$	(22)			273.8
Basic earnings (loss) per share			$	0.54				$	(0.08)
Effect of dilutive securities:
Stock options and restricted stock units					3.9					—
	$	150			281.6	$	(22)			273.8
Diluted earnings (loss) per share			$	0.53				$	(0.08)
	26 Weeks Ended
	August 3, 2024					July 29, 2023
	Net Income				Shares	Net Income				Shares
	(millions, except per share data)
Net income and average number of shares outstanding	$	212			276.0	$	133			272.5
Shares to be issued under deferred compensation and other plans					0.9					1.0
	$	212			276.9	$	133			273.5
Basic earnings per share			$	0.77				$	0.49
Effect of dilutive securities:
Stock options and restricted stock units					4.4					4.3
	$	212			281.3	$	133			277.8
Diluted earnings per share			$	0.75				$	0.48