v3.26.1
EARNINGS PER SHARE
3 Months Ended
May 01, 2026
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
Basic earnings per share is based on the weighted-average effect of all common shares issued and outstanding and is calculated by dividing net income by the weighted-average shares outstanding during the period. Diluted earnings per share is calculated by dividing net income by the weighted-average number of common shares used in the basic earnings per share calculation plus the number of common shares that would be issued assuming exercise or conversion of all potentially dilutive instruments. The Company excludes equity instruments from the calculation of diluted earnings per share if the effect of including such instruments is antidilutive.

The following table presents basic and diluted earnings per share for the periods indicated:
 Three Months Ended
 May 1, 2026May 2, 2025
Earnings per share:
Basic$5.30 $1.39 
Diluted$5.24 $1.37 

The following table presents the computation of basic and diluted earnings per share for the periods indicated:
Three Months Ended
May 1, 2026May 2, 2025
(in millions)
Numerator:
Net income — basic and diluted$3,438 $965 
Denominator:
Weighted-average shares outstanding basic
649 692 
Dilutive effect of equity awards10 
Weighted-average shares outstanding diluted
656 702 
Weighted-average shares outstanding antidilutive
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