XML 32 R16.htm IDEA: XBRL DOCUMENT
v3.24.1

Earnings (loss) per common share ("EPS") | 12 Months Ended
--- | ---
Feb. 03, 2024
Earnings Per Share [Abstract] |
Earnings (loss) per common share (“EPS”) | Earnings per common share (“EPS”) Basic EPS is computed by dividing net income attributable to common shareholders by the weighted average number of common shares outstanding for the period. The computation of basic EPS is outlined in the table below:
(in millions, except per share amounts) | Fiscal 2024 |  | Fiscal 2023 |  | Fiscal 2022
Numerator: |  |  |  |  |
Net income attributable to common shareholders | $ | 775.9 |  |  | $ | 342.2 |  |  | $ | 735.4 |
Denominator: |  |  |  |  |
Weighted average common shares outstanding | 44.9 |  |  | 46.6 |  |  | 52.5 |
EPS – basic | $ | 17.28 |  |  | $ | 7.34 |  |  | $ | 14.01 |
The dilutive effect of share awards represents the potential impact of outstanding awards issued under the Company’s share-based compensation plans, including RSAs, RSUs, PSUs, and stock options issued under the Omnibus Plan and stock options issued under the Share Saving Plans. The dilutive effect of PSUs represents the number of contingently issuable shares that would be issuable if the end of the period was the end of the contingency period and is based on the actual achievement of performance metrics through the end of the current period. The dilutive effect of the Preferred Shares represents the potential impact for common shares that would be issued upon conversion. Potential common share dilution related to share awards and Preferred Shares is determined using the treasury stock and if-converted methods, respectively. Under the if-converted method, the Preferred Shares are assumed to be converted at the beginning of the period, and the resulting common shares are included in the denominator of the diluted EPS calculation for the entire period being presented, only in the periods in which such effect is dilutive. Additionally, in periods in which the Preferred Shares are dilutive, cumulative dividends and accretion for issuance costs associated with the Preferred Shares are added back to net income attributable to common shareholders. See Note 6 for additional discussion of the Company’s Preferred Shares. The computation of diluted EPS is outlined in the table below:
(in millions, except per share amounts) | Fiscal 2024 |  | Fiscal 2023 |  | Fiscal 2022
Numerator: |  |  |  |  |
Net income attributable to common shareholders | $ | 775.9 |  |  | $ | 342.2 |  |  | $ | 735.4 |
Add: Dividends on Preferred Shares | 34.5 |  |  | 34.5 |  |  | 34.5 |
Numerator for diluted EPS | $ | 810.4 |  |  | $ | 376.7 |  |  | $ | 769.9 |
Denominator: |  |  |  |  |
Basic weighted average common shares outstanding | 44.9 |  |  | 46.6 |  |  | 52.5 |
Plus: Dilutive effect of share awards (1) | 0.9 |  |  | 2.0 |  |  | 2.5 |
Plus: Dilutive effect of Preferred Shares | 8.2 |  |  | 8.1 |  |  | 8.0 |
Diluted weighted average common shares outstanding | 54.0 |  |  | 56.7 |  |  | 63.0 |
EPS – diluted | $ | 15.01 |  |  | $ | 6.64 |  |  | $ | 12.22 |
(1) For Fiscal 2024, Fiscal 2023 and Fiscal 2022, the estimated dilutive effect of share awards includes 0.4 million, 0.9 million and 2.0 million of contingently issuable PSUs, respectively. The calculation of diluted EPS excludes the following items for each respective period on the basis that their effect would be antidilutive.
(in millions) | Fiscal 2024 |  | Fiscal 2023 |  | Fiscal 2022
Potential impact of accelerated share repurchase | — |  |  | — |  |  | 0.6 |
Total antidilutive shares | — |  |  | — |  |  | 0.6 |

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-3 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration