Quarterly report [Sections 13 or 15(d)]

Earnings Per Share

Earnings Per Share

9 Months Ended

Nov. 01, 2025

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


	13 Weeks Ended
	November 1, 2025					November 2, 2024
	Net Income				Shares	Net Income				Shares
	(millions, except per share data)
Net income and average number of shares outstanding	$	11			266.8	$	28			277.4
Shares to be issued under deferred compensation and other plans					0.9					1.0
	$	11			267.7	$	28			278.4
Basic earnings per share			$	0.04				$	0.10
Effect of dilutive securities:
Restricted stock units					6.9					3.1
	$	11			274.6	$	28			281.5
Diluted earnings per share			$	0.04				$	0.10

	39 Weeks Ended
	November 1, 2025					November 2, 2024
	Net Income				Shares	Net Income				Shares
	(millions, except per share data)
Net income and average number of shares outstanding	$	135			271.5	$	240			276.5
Shares to be issued under deferred compensation and other plans					0.9					0.9
	$	135			272.4	$	240			277.4
Basic earnings per share			$	0.50				$	0.86
Effect of dilutive securities:
Restricted stock units					4.7					3.9
	$	135			277.1	$	240			281.3
Diluted earnings per share			$	0.48				$	0.85

In addition to the restricted stock units reflected in the foregoing table, stock options to purchase 5.9 million and 7.9 million shares of common stock and restricted stock units relating to 0.4 million and 0.2 million shares of common stock were outstanding at November 1, 2025 and November 2, 2024, 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.