Annual report pursuant to Section 13 and 15(d)

Shareholders' Equity

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Shareholders' Equity
 12 Months Ended
Jan. 29, 2022
Stockholders' Equity Note [Abstract]  
Shareholders' Equity Shareholders’ Equity
Preferred Stock
We are authorized to issue 10,000,000 shares of Preferred Stock, $0.01 par value per share. No preferred shares are issued and outstanding at January 29, 2022 and January 30, 2021.
Net Income Per Share
The following table sets forth the calculations of basic and diluted net income per share:
  Year Ended
  January 29, January 30, February 1,
(in millions, except per share data) 2022 2021 2020
Basic net income per share:      
Net income $ 1,327.9  $ 1,341.9  $ 827.0 
Weighted average number of shares outstanding 227.9  236.4  237.2 
Basic net income per share $ 5.83  $ 5.68  $ 3.49 
Diluted net income per share:      
Net income $ 1,327.9  $ 1,341.9  $ 827.0 
Weighted average number of shares outstanding 227.9  236.4  237.2 
Dilutive effect of stock options and restricted stock (as determined by
   applying the treasury stock method)		 1.1  0.9  1.1 
Weighted average number of shares and dilutive potential shares
   outstanding		 229.0  237.3  238.3 
Diluted net income per share $ 5.80  $ 5.65  $ 3.47 
At January 29, 2022, January 30, 2021 and February 1, 2020, substantially all of the stock options outstanding were included in the calculation of the weighted average number of shares and dilutive potential shares outstanding.
Share Repurchase Programs
We repurchased 9,156,898, 3,982,478 and 1,967,355 shares of common stock on the open market in fiscal 2021, fiscal 2020 and fiscal 2019, respectively, for $950.0 million, $400.0 million and $200.0 million, respectively. At January 29, 2022, we had $2.5 billion remaining under Board repurchase authorization.