v3.26.1
Net Income Per Share and Shareholders’ Equity (Deficit) (Tables)
3 Months Ended
May 02, 2026
Net Income Per Share and Shareholders’ Equity (Deficit) [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 Net Income per Basic and Diluted Share for the first quarters of 2026 and 2025:
 First Quarter
20262025
(in millions)
Common Shares216 229 
Treasury Shares(15)(15)
Basic Shares201 214 
Effect of Dilutive Awards
Diluted Shares202 215 
Anti-dilutive Awards (a)— — 
 _______________
(a)These awards were excluded from the calculation of Net Income per Diluted Share because their inclusion would have been anti-dilutive.
Schedule of Repurchase of Common Stock
Under the authority of the Company’s Board of Directors, the Company repurchased shares of its common stock under the following repurchase programs during the first quarter of 2025:
Repurchase
Program
Amount
Authorized
Shares
Repurchased
Amount
Repurchased
Average Stock Price
202520252025
(in millions)(in thousands)(in millions)
January 2024$500 460 $17 $37.67 
January 2025500 3,866 118 $30.47 
Total4,326 $135 
Schedule of Dividends Paid
The Company paid the following dividends during the first quarters of 2026 and 2025:
Ordinary DividendsTotal Paid
(per share)(in millions)
2026
First Quarter$0.20 $40 
2025
First Quarter$0.20 $43