Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

Earnings Per Share

3 Months Ended

Apr. 29, 2023

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


	13 Weeks Ended
	April 29, 2023					April 30, 2022
	Net Income				Shares	Net Income				Shares
	(millions, except per share data)
Net income and average number of shares outstanding	$	155			272.2	$	286			282.6
Shares to be issued under deferred compensation and other plans					0.9					1.0
	$	155			273.1	$	286			283.6
Basic earnings per share			$	0.57				$	1.01
Effect of dilutive securities:
Stock options and restricted stock units					4.7					7.3
	$	155			277.8	$	286			290.9
Diluted earnings per share			$	0.56				$	0.98

In addition to the stock options and restricted stock units reflected in the foregoing table, stock options to purchase 10.0 million and 12.3 million shares of common stock and restricted stock units relating to 5.4 million and 0.4 million shares of common stock were outstanding at April 29, 2023 and April 30, 2022, respectively, but were not included in the computation of diluted earnings per share because their inclusion would have been antidilutive or they were subject to performance conditions that had not been met.