Annual report pursuant to Section 13 and 15(d)

Net Income (Loss) Per Share

v3.24.1
Net Income (Loss) Per Share
 12 Months Ended
Feb. 03, 2024
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share Net Income (Loss) Per Share
The following table sets forth the calculations of basic and diluted net income (loss) per share:
  Year Ended
(in millions, except per share data) February 3, 2024 January 28, 2023 January 29, 2022
Basic net income (loss) per share:      
Net income (loss) $ (998.4) $ 1,615.4  $ 1,327.9 
Weighted average number of shares outstanding 219.5  223.2  227.9 
Basic net income (loss) per share $ (4.55) $ 7.24  $ 5.83 
Diluted net income (loss) per share:      
Net income (loss) $ (998.4) $ 1,615.4  $ 1,327.9 
Weighted average number of shares outstanding 219.5  223.2  227.9 
Dilutive impact of share-based awards (as determined by applying the
   treasury stock method)		 —  0.9  1.1 
Weighted average number of shares and dilutive potential shares
   outstanding		 219.5  224.1  229.0 
Diluted net income (loss) per share $ (4.55) $ 7.21  $ 5.80 
For the years ended February 3, 2024 and January 28, 2023, share-based awards of 2.9 million shares and 3.0 million shares, respectively, were excluded from the calculation of diluted net income (loss) per share because their inclusion would be anti-dilutive. For the year ended January 29, 2022, substantially all of the outstanding share-based awards were included in the calculation of the weighted average number of shares and dilutive potential shares outstanding.