Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

Earnings Per Share

6 Months Ended

Jul. 28, 2012

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



	13 Weeks Ended
	July 28, 2012					July 30, 2011
	Net Income				Shares	Net Income				Shares
	(millions, except per share data)
Net income and average number of shares outstanding	$	279			410.2	$	241			426.5
Shares to be issued under deferred compensation plans					1.0					1.0
	$	279			411.2	$	241			427.5
Basic earnings per share			$	.68				$	.56
Effect of dilutive securities:
Stock options, restricted stock and restricted stock units					5.9					7.1
	$	279			417.1	$	241			434.6
Diluted earnings per share			$	.67				$	.55



	26 Weeks Ended
	July 28, 2012					July 30, 2011
	Net Income				Shares	Net Income				Shares
	(millions, except per share data)
Net income and average number of shares outstanding	$	460			412.8	$	372			425.3
Shares to be issued under deferred compensation plans					1.3					1.0
	$	460			414.1	$	372			426.3
Basic earnings per share			$	1.11				$	.87
Effect of dilutive securities:
Stock options, restricted stock and restricted stock units					6.6					6.0
	$	460			420.7	$	372			432.3
Diluted earnings per share			$	1.09				$	.86

In addition to the stock options, restricted stock and restricted stock units reflected in the foregoing table, stock options to purchase 9.0 million shares of common stock and restricted stock units relating to 2.5 million shares of common stock were outstanding at July 28, 2012, but were not included in the computation of diluted earnings per share for the 13 or 26 weeks ended July 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 13.8 million shares of common stock and restricted stock units relating to 1.8 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 or these shares were subject to performance conditions that had not been met.

- Definition

The entire disclosure for earnings per share.

+ References + Details