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5. Earnings/(Loss) per Share
Net income/(loss) and shares used to compute basic and diluted earnings/(loss) per share (EPS) are reconciled below:
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Three Months Ended |
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Six Months Ended |
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| (In millions, except per share data) |
August 1,
2020 |
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August 3,
2019 |
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August 1,
2020 |
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August 3,
2019 |
| Earnings/(loss) |
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| Net income/(loss) |
$ |
(398) |
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$ |
(48) |
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$ |
(944) |
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$ |
(202) |
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| Shares |
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| Weighted average common shares outstanding (basic shares) |
324.6
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319.4
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324.2
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318.6
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| Adjustment for assumed dilution: |
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| Stock options and restricted stock awards |
—
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—
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—
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—
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| Weighted average shares assuming dilution (diluted shares) |
324.6
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319.4
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324.2
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318.6
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| EPS |
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| Basic |
$ |
(1.23) |
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$ |
(0.15) |
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$ |
(2.91) |
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$ |
(0.63) |
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| Diluted |
$ |
(1.23) |
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$ |
(0.15) |
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$ |
(2.91) |
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$ |
(0.63) |
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The following average potential shares of common stock were excluded from the diluted EPS calculation because their effect would have been anti-dilutive:
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Three Months Ended |
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Six Months Ended |
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| (Shares in millions) |
August 1,
2020 |
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August 3,
2019 |
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August 1,
2020 |
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August 3,
2019 |
| Stock options and restricted stock awards |
9.9
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24.7
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15.1
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23.6
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