Net Income Per Share (Tables)

6 Months Ended

Jul. 29, 2023

Earnings Per Share [Abstract]

Computation of Basic and Diluted Net Income Per Share

The information required to compute basic and diluted net income per share is as follows:

	Three Months Ended		Six Months Ended
(Dollars and Shares in Millions, Except per Share Data)	July 29, 2023	July 30, 2022	July 29, 2023	July 30, 2022
Numerator—Net income	$58	$143	$72	$157
Denominator—Weighted-average shares:
Basic	110	127	110	127
Dilutive impact	1	1	1	2
Diluted	111	128	111	129
Net income per share:
Basic	$0.52	$1.13	$0.65	$1.24
Diluted	$0.52	$1.11	$0.65	$1.22

Schedule of Potential Shares of Common Stock Excluded From the Diluted Net Income Per Share

The following potential shares of common stock were excluded from the diluted net income per share calculation because their effect would have been anti-dilutive:

	Three Months Ended		Six Months Ended
(Shares in Millions)	July 29, 2023	July 30, 2022	July 29, 2023	July 30, 2022
Anti-dilutive shares	3	3	3	3