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Net Income Per Share
 9 Months Ended
Nov. 02, 2019
Earnings Per Share [Abstract]  
Net Income Per Share

 

7. Net Income Per Share

 

Basic net income per share is net income divided by the average number of common shares outstanding during the period. Diluted net income per share includes incremental shares assumed for share-based awards and stock warrants.

 

The information required to compute basic and diluted net income per share is as follows:

 

 

Three Months Ended

 

Nine Months Ended

 

(Dollar and Shares in Millions, Except per Share Data)

November 2,

2019

November 3,

2018

November 2,

2019

November 3,

2018

Numerator—Net income

$

123

 

$

161

 

$

426

 

$

529

 

Denominator—Weighted-average shares:

 

 

 

 

 

 

 

 

 

 

 

 

     Basic

 

156

 

 

164

 

 

158

 

 

165

 

     Dilutive impact

 

1

 

 

1

 

 

1

 

 

1

 

     Diluted

 

157

 

 

165

 

 

159

 

 

166

 

     Antidilutive shares

 

2

 

 

—

 

 

1

 

 

—

 

Net income per share:

 

 

 

 

 

 

 

 

 

 

 

 

     Basic

$

0.79

 

$

0.98

 

$

2.69

 

$

3.21

 

     Diluted

$

0.78

 

$

0.98

 

$

2.67

 

$

3.19