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Earnings (Loss) Per Share and Shareholders’ Equity (Deficit) (Tables)

6 Months Ended

Jul. 31, 2021

Earnings Per Share And Shareholders' Equity [Abstract]

Shares Utilized for the Calculation of Basic and Diluted Earnings Per Share

The following table provides the weighted-average shares utilized for the calculation of basic and diluted earnings (loss) per share for the second quarter and year-to-date 2021 and 2020:


	Second Quarter		Year-to-Date
	2021	2020	2021	2020
	(in millions)

Common Shares	288	286	288	285
Treasury Shares	(13)	(8)	(11)	(8)
Basic Shares	275	278	277	277
Effect of Dilutive Restricted Stock and Options	5	—	5	—
Diluted Shares	280	278	282	277
Anti-dilutive Options and Awards (a)	1	11	1	12

_______________

(a)These options and awards were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive. For 2020, the dilutive impact of all outstanding options and awards were excluded from dilutive shares as a result of the Company's net loss for the period.

Schedule of Repurchase of Common Stock

The Company repurchased the following shares of its common stock during year-to-date 2021:


Repurchase Program	Amount Authorized		Shares Repurchased	Amount Repurchased		Average Stock Price
	(in millions)		(in thousands)	(in millions)
March 2021	$	500	6,996	$	464	$	66.30
July 2021	$	1,500	10,000	$	730	$	73.01

Schedule of Dividends Paid

Under the authority and declaration of the Board of Directors, the Company paid the following dividends during year-to-date 2021 and 2020:


	Ordinary Dividends			Total Paid
	(per share)		(in millions)
2021

Second Quarter	$	0.15		$	42
First Quarter	—			—
Total	$	0.15		$	42
2020

Second Quarter	$	—		$	—
First Quarter	0.30			83
Total	$	0.30		$	83