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Capital Stock and Earnings Per Share (Tables)

3 Months Ended

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

X

- 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

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- References

No definition available.

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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

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