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Capital Stock and Earnings Per Share (Tables) | 3 Months Ended
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May 04, 2024
Equity [Abstract] |
Summary of Share Repurchases | The following table provides share repurchases, excluding applicable excise tax:
| Thirteen Weeks Ended |  |
In millions | May 4, 2024 | April 29, 2023 |  |
Total number of shares repurchased and retired | 5.3 |  | 6.5 |  |  |
Total cost | $ | 509 |  | $ | 500 |  |  |
Schedule of Earnings Per Share | The following table presents the calculation of basic and diluted earnings per share:
| Thirteen Weeks Ended |
Amounts in millions, except per share amounts | May 4, 2024 | April 29, 2023 |  |
Basic earnings per share: |  |  |  |
Net income | $ | 1,070 |  | $ | 891 |  |  |
Weighted average common shares outstanding for basic earnings per share calculation | 1,132 |  | 1,153 |  |  |
Basic earnings per share | $ | 0.95 |  | $ | 0.77 |  |  |
Diluted earnings per share: |  |  |  |
Net income | $ | 1,070 |  | $ | 891 |  |  |
Weighted average common shares outstanding for basic earnings per share calculation | 1,132 |  | 1,153 |  |  |
Assumed exercise/vesting of stock options and awards | 14 |  | 12 |  |  |
Weighted average common shares outstanding for diluted earnings per share calculation | 1,146 |  | 1,165 |  |  |
Diluted earnings per share | $ | 0.93 |  | $ | 0.76 |  |  |
Cash dividends declared per share | $ | 0.375 |  | $ | 0.3325 |  |  |

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- Definition Tabular disclosure of accelerated share repurchase (ASR) programs. An ASR is a combination of transactions that permits an entity to purchase a targeted number of shares immediately with the final purchase price of those shares determined by an average market price over a fixed period of time. An accelerated share repurchase program is intended to combine the immediate share retirement benefits of a tender offer with the market impact and pricing benefits of a disciplined daily open market stock repurchase program. ASRs can be disclosed as part of stockholders' equity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 30 -Name Accounting Standards Codification -Section 25 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481138/505-30-25-5 + Details
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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