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Net Income Per Share (Tables)
9 Months Ended
Nov. 01, 2025
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

Nine Months Ended

(Dollars and Shares in Millions, Except per Share Data)

November 1, 2025

November 2, 2024

November 1, 2025

November 2, 2024

Numerator—Net income

$8

$22

$147

$61

Denominator—Weighted-average shares:

 

 

 

 

Basic

112

111

112

111

Dilutive impact

3

1

2

1

Diluted

115

112

114

112

Net income per share:

 

 

 

 

Basic

$0.08

$0.20

$1.32

$0.55

Diluted

$0.07

$0.20

$1.30

$0.55

 

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

Nine Months Ended

(Shares in Millions)

November 1, 2025

November 2, 2024

November 1, 2025

November 2, 2024

Anti-dilutive shares

4

5

5

5