Quarterly report pursuant to Section 13 or 15(d)

Earnings/(Loss) per Share

v3.19.1
Earnings/(Loss) per Share
3 Months Ended
May 04, 2019
Earnings Per Share [Abstract]  
Earnings/(Loss) per Share
Earnings/(Loss) per Share
Net income/(loss) and shares used to compute basic and diluted earnings/(loss) per share (EPS) are reconciled below:
 
Three Months Ended
(in millions, except per share data)
May 4,
2019
 
May 5,
2018
Earnings/(loss)
 
 
 
Net income/(loss)
$
(154
)
 
$
(78
)
Shares
 
 
 
Weighted average common shares outstanding (basic shares)
317.7


313.9

Adjustment for assumed dilution:
 
 
 
Stock options, restricted stock awards and warrant

 

Weighted average shares assuming dilution (diluted shares)
317.7

 
313.9

EPS
 
 
 
Basic
$
(0.48
)
 
$
(0.25
)
Diluted
$
(0.48
)
 
$
(0.25
)

The following average potential shares of common stock were excluded from the diluted EPS calculation because their effect would have been anti-dilutive: 
 
Three Months Ended
(Shares in millions)
May 4,
2019
 
May 5,
2018
Stock options, restricted stock awards and warrant
22.5

 
29.3