Quarterly report pursuant to Section 13 or 15(d)

Earnings/(Loss) per Share

v3.19.2
Earnings/(Loss) per Share
6 Months Ended
Aug. 03, 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
 
Six Months Ended
(in millions, except per share data)
August 3,
2019
 
August 4,
2018
 
August 3,
2019
 
August 4,
2018
Earnings/(loss)
 
 
 
 
 
 
 
Net income/(loss)
$
(48
)
 
$
(101
)
 
$
(202
)
 
$
(179
)
Shares
 
 
 
 
 
 
 
Weighted average common shares outstanding (basic shares)
319.4


315.7

 
318.6

 
314.8

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

 

 

 

Weighted average shares assuming dilution (diluted shares)
319.4

 
315.7

 
318.6

 
314.8

EPS
 
 
 
 
 
 
 
Basic
$
(0.15
)
 
$
(0.32
)
 
$
(0.63
)
 
$
(0.57
)
Diluted
$
(0.15
)
 
$
(0.32
)
 
$
(0.63
)
 
$
(0.57
)

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
 
Six Months Ended
(Shares in millions)
August 3,
2019
 
August 4,
2018
 
August 3,
2019
 
August 4,
2018
Stock options, restricted stock awards and warrant
24.7

 
25.6

 
23.6

 
27.2