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Net Income (Loss) Per Share (Tables)
3 Months Ended
May 01, 2021
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Net Income (Loss) Per Share

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

 

 

Quarter Ended

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

May 1, 2021

May 2, 2020

Numerator—Net income (loss)

$

14

 

$

(541

)

Denominator—Weighted-average shares:

 

 

 

 

 

 

Basic

 

154

 

 

154

 

Dilutive impact

 

2

 

 

 

Diluted

 

156

 

 

154

 

Net income (loss) per share:

 

 

 

 

 

 

Basic

$

0.09

 

$

(3.52

)

Diluted

$

0.09

 

$

(3.52

)

 

 

Schedule of Anti-dilutive Securities Excluded from Diluted Net Income (Loss) Per Share

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

 

 

Quarter Ended

 

May 1, 2021

May 2, 2020

Anti-dilutive shares

 

3

 

 

6