Net (Loss) Income Per Share (Tables)

3 Months Ended

May 04, 2024

Earnings Per Share [Abstract]

Computation of Basic and Diluted Net (Loss) Income Per Share

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

	Quarter Ended
(Dollars and Shares in Millions, Except per Share Data)	May 4, 2024	April 29, 2023
Numerator—Net (loss) income	$(27)	$14
Denominator—Weighted-average shares:
Basic	111	110
Dilutive impact	—	1
Diluted	111	111
Net (loss) income per share:
Basic	$(0.24)	$0.13
Diluted	$(0.24)	$0.13

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

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

	Quarter Ended
(Shares in Millions)	May 4, 2024	April 29, 2023
Anti-dilutive shares	7	3