Net Income Per Share (Tables)

3 Months Ended

May 02, 2026

Earnings Per Share [Abstract]

Schedule of Computation of Basic and Diluted Net Income Per Common Share

The computations of basic and diluted net income per share are presented in the following table (in millions, except per share amounts):


			Three Months Ended
			May 2, 2026																		May 3, 2025
			Common Stock						Series A Preferred Stock						Consolidated
Basic net income per share:
Numerator:
Allocation of undistributed loss			$	(19.1)					$	(0.2)					$	(19.3)
Dividends declared			52.5						1.3						53.8
Net income — basic			$	33.4					$	1.1					$	34.5					$	177.9

Denominator:
Weighted-average shares outstanding — basic			874.1						7.9						882.0						864.8

Net income per share — basic			$	0.04					$	0.14					$	0.04					$	0.21

Diluted net income per share:
Numerator:
Net income — basic			$	33.4					$	1.1					$	34.5
Allocation of earnings assuming conversion of preferred stock			1.1						—						*

Net income — diluted			$	34.5					$	1.1					$	34.5					$	177.9

Denominator:
Weighted-average shares outstanding — basic			874.1						7.9						882.0						864.8
Effect of dilutive securities:
Stock-based awards and warrant shares			11.3						—						11.3						10.8
Conversion of preferred stock			7.9						—						*						—
Weighted-average shares outstanding — diluted			893.3						7.9						893.3						875.6

Net income per share — diluted			$	0.04					$	0.14					$	0.04					$	0.20












Anti-dilutive potential common shares															3.0						3.4

* Not applicable, as the effects of the assumed preferred stock conversion is reflected in the numerator and denominator for Consolidated basic net income per share computation.