Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

 v2.3.0.11
Earnings Per Share
 6 Months Ended
Jul. 30, 2011
Earnings Per Share  
Earnings Per Share
3. Earnings Per Share

The following tables set forth the computation of basic and diluted earnings per share:

 

     13 Weeks Ended  
     July 30, 2011      July 31, 2010  
     Income             Shares      Income             Shares  
     (millions, except per share figures)  

Net income and average number of shares outstanding

    $ 241            426.5       $ 147            421.8   

Shares to be issued under deferred compensation plans

            1.0               1.2   
  

 

 

        

 

 

     

 

 

        

 

 

  
   $ 241            427.5       $ 147            423.0   

Basic earnings per share

       $ .56             $ .35      
     

 

 

           

 

 

     

Effect of dilutive securities–stock options, restricted stock and restricted stock units

            7.1               3.5   
  

 

 

        

 

 

     

 

 

        

 

 

  
   $ 241            434.6       $ 147            426.5   

Diluted earnings per share

       $ .55             $ .35      
     

 

 

           

 

 

     
     26 Weeks Ended  
     July 30, 2011      July 31, 2010  
     Income             Shares      Income             Shares  
     (millions, except per share figures)  

Net income and average number of shares outstanding

    $ 372            425.3       $ 170            421.6   

Shares to be issued under deferred compensation plans

            1.0               1.2   
  

 

 

        

 

 

     

 

 

        

 

 

  
   $ 372            426.3       $ 170            422.8   

Basic earnings per share

       $ .87             $ .40      
     

 

 

           

 

 

     

Effect of dilutive securities–stock options, restricted stock and restricted stock units

            6.0               3.5   
  

 

 

        

 

 

     

 

 

        

 

 

  
   $ 372            432.3       $ 170            426.3   

Diluted earnings per share

       $ .86             $ .40      
     

 

 

           

 

 

     

In addition to the stock options, restricted stock and restricted stock units reflected in the foregoing table, stock options to purchase 13.8 million shares of common stock were outstanding at July 30, 2011, but were not included in the computation of diluted earnings per share for the 13 or 26 weeks ended July 30, 2011 because their inclusion would have been antidilutive.

In addition to the stock options, restricted stock and restricted stock units reflected in the foregoing table, stock options to purchase 31.8 million shares of common stock, 148,000 shares of restricted stock and restricted stock units relating to 827,000 shares of common stock were outstanding at July 31, 2010, but were not included in the computation of diluted earnings per share for the 13 or 26 weeks ended July 31, 2010 because their inclusion would have been antidilutive.