Annual report pursuant to Section 13 and 15(d)

Earnings Per Share

Earnings Per Share

12 Months Ended

Feb. 03, 2024

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


	2023					2022					2021
	Net Income				Shares	Net Income				Shares	Net Income				Shares
	(millions, except per share data)
Net income and average number of shares outstanding	$	105			273.2	$	1,177			273.7	$	1,430			305.8
Shares to be issued under deferred compensation and other plans					1.0					1.0					1.0
	$	105			274.2	$	1,177			274.7	$	1,430			306.8
Basic earnings per share			$	0.38				$	4.28				$	4.66
Effect of dilutive securities:
Stock options and restricted stock units					4.0					6.4					7.2
	$	105			278.2	$	1,177			281.1	$	1,430			314.0
Diluted earnings per share			$	0.38				$	4.19				$	4.55

In addition to the stock options and restricted stock units in the foregoing table, stock options to purchase 9.9 million shares of common stock and restricted stock units relating to 1.6 million shares of common stock were outstanding at February 3, 2024, stock options to purchase 12.1 million of shares of common stock and restricted stock units relating to 0.7 million shares of common stock were outstanding at January 28, 2023, and stock options to purchase 12.4 million of shares of common stock and restricted stock units relating to 1.0 million shares of common stock were outstanding at January 29, 2022, but were not included in the computation of diluted earnings per share for 2023, 2022, or 2021, respectively, because their inclusion would have been antidilutive or they were subject to performance conditions that had not been met.