Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

Earnings Per Share

3 Months Ended

Apr. 28, 2012

The following table sets forth the computation of basic and diluted earnings per share:



	13 Weeks Ended
	April 28, 2012					April 30, 2011
	Net Income				Shares	Net Income				Shares
	(millions, except per share data)
Net income and average number of shares outstanding	$	181			415.4	$	131			424.1
Shares to be issued under deferred compensation plans					1.7					1.0
	$	181			417.1	$	131			425.1
Basic earnings per share			$	.43				$	.31
Effect of dilutive securities:
Stock options, restricted stock and restricted stock units					7.2					4.9
	$	181			424.3	$	131			430.0
Diluted earnings per share			$	.43				$	.30

In addition to the stock options, restricted stock and restricted stock units reflected in the foregoing table, stock options to purchase 8.3 million shares of common stock, 250,000 shares of restricted stock and restricted stock units relating to 2.5 million shares of common stock were outstanding at April 28, 2012, but were not included in the computation of diluted earnings per share for the 13 weeks ended April 28, 2012 because their inclusion would have been antidilutive or these shares were subject to performance conditions that had not been met.

In addition to the stock options, restricted stock and restricted stock units reflected in the foregoing table, stock options to purchase 24.6 million shares of common stock, 115,000 shares of restricted stock and restricted stock units relating to 1.8 million shares of common stock were outstanding at April 30, 2011, but were not included in the computation of diluted earnings per share for the 13 weeks ended April 30, 2011 because their inclusion would have been antidilutive or these shares were subject to performance conditions that had not been met.

- Definition

The entire disclosure for earnings per share.

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