XML 24 R11.htm IDEA: XBRL DOCUMENT v3.25.2
Net Income Per Share and Shareholders’ Equity (Deficit)
 6 Months Ended
Aug. 02, 2025
Net Income Per Share and Shareholders’ Equity (Deficit) [Abstract]  
Earnings Per Share and Shareholders’ Equity (Deficit) Net Income Per Share and Shareholders’ Equity (Deficit)
Net Income Per Share
Net Income per Basic Share is computed based on the weighted-average number of common shares outstanding. Net Income per Diluted Share includes the weighted-average effect of dilutive restricted share units, performance share units and stock options (collectively, “Dilutive Awards”) on the weighted-average common shares outstanding.
The following table provides the weighted-average shares utilized for the calculation of Net Income per Basic and Diluted Share for the second quarters of and year-to-date 2025 and 2024:
 Second QuarterYear-to-Date
2025202420252024
(in millions)
Common Shares225 237 227 239 
Treasury Shares(15)(15)(15)(15)
Basic Shares210 222 212 224 
Effect of Dilutive Awards1 1 1 1 
Diluted Shares211 223 213 225 
Anti-dilutive Awards (a)— — — 1 
 _______________
(a)These awards were excluded from the calculation of Net Income per Diluted Share because their inclusion would have been anti-dilutive.
Common Stock Repurchases and Retirements
Under the authority of the Company’s Board of Directors, the Company repurchased shares of its common stock under the following repurchase programs during year-to-date 2025 and 2024:
Repurchase
Program		Amount
Authorized		Shares
Repurchased		Amount
Repurchased		Average Stock Price
202520242025202420252024
(in millions)(in thousands)(in millions)
February 2022$1,500 NA842 NA$39 NA$46.08 
January 2024500 460 4,921 $17 210 $37.67 42.72 
January 2025500 8,008 NA239 NA29.78 NA
Total8,468 5,763 $256 $249 
The January 2024 Program had $139 million of remaining authority as of February 1, 2025. There were share repurchases of $1 million as of February 1, 2025 and $2 million as of August 3, 2024 reflected in Accounts Payable on the Consolidated Balance Sheets.
On February 27, 2025, the Company cancelled the remaining $121 million authorization available under the January 2024 Program and began repurchasing shares under the January 2025 Program. There were share repurchases of $3 million as of August 2, 2025 reflected in Accounts Payable on the Consolidated Balance Sheet. The January 2025 Program had $262 million of remaining authority as of August 2, 2025.
Shares repurchased under these programs are retired and cancelled upon repurchase. As a result, the Company retired the 8.468 million and 5.763 million shares repurchased during year-to-date 2025 and 2024, respectively.
Dividends
The Company paid the following dividends during the first and second quarters of 2025 and 2024:
Ordinary DividendsTotal Paid
(per share)(in millions)
2025
First Quarter$0.20 $43 
Second Quarter0.20 42 
Total$0.40 $85 
2024
First Quarter$0.20 $45 
Second Quarter0.20 45 
Total$0.40 $90 
In August 2025, the Company declared its third quarter 2025 ordinary dividend of $0.20 per share payable on September 5, 2025 to shareholders of record at the close of business on August 22, 2025.