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Shareholders' Equity (Deficit)
 12 Months Ended
Jan. 30, 2021
Stockholders' Equity Note [Abstract]  
Shareholders' Equity Shareholders’ Equity (Deficit)
Common Stock Share Repurchases
In March 2018, the Company's Board of Directors approved a $250 million share repurchase program, which included the $23 million remaining under the September 2017 repurchase program. The March 2018 repurchase program had $79 million remaining as of January 30, 2021. The Company did not repurchase any shares during 2020 or 2019.
In March 2021, the Company's Board of Directors authorized a new $500 million share repurchase plan, which replaces the $79 million remaining under the March 2018 repurchase program. Pursuant to the Board's authorization, the Company entered into a Rule 10b5-1 purchase plan to effectuate share repurchases up to $250 million.
Dividends
Under the authority and declaration of the Board of Directors, the Company paid the following dividends during fiscal 2020, 2019 and 2018:
Ordinary DividendsTotal Paid
(per share)(in millions)
2020
Fourth Quarter$— $— 
Third Quarter— — 
Second Quarter— — 
First Quarter0.30 83 
2020 Total$0.30 $83 
2019
Fourth Quarter$0.30 $83 
Third Quarter0.30 83 
Second Quarter0.30 83 
First Quarter0.30 83 
2019 Total$1.20 $332 
2018
Fourth Quarter$0.60 $166 
Third Quarter0.60 165 
Second Quarter0.60 167 
First Quarter0.60 168 
2018 Total$2.40 $666 
The Board of Directors temporarily suspended the quarterly cash dividend beginning in the second quarter of 2020.
In March 2021, the Company's Board of Directors reinstated the annual dividend at $0.60 per share, beginning with the quarterly dividend to be paid in June 2021.