Net Income Per Share

6 Months Ended

Aug. 03, 2019

Earnings Per Share [Abstract]

Net Income Per Share

7. Net Income Per Share

Basic net income per share is net income divided by the average number of common shares outstanding during the period. Diluted net income per share includes incremental shares assumed for share-based awards and stock warrants.

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

	Three Months Ended				Six Months Ended
(Dollar and Shares in Millions, Except per Share Data)	August 3, 2019		August 4, 2018		August 3, 2019		August 4, 2018
Numerator—Net income	$	241	$	292	$	303	$	368
Denominator—Weighted-average shares:
Basic		159		165		160		165
Dilutive impact		—		1		1		1
Diluted		159		166		161		166
Antidilutive shares		3		—		1		—
Net income per share:
Basic	$	1.52	$	1.77	$	1.90	$	2.23
Diluted	$	1.51	$	1.76	$	1.89	$	2.21