Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

Earnings Per Share

6 Months Ended

Aug. 01, 2015

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



	13 Weeks Ended
	August 1, 2015					August 2, 2014
	Net Income				Shares	Net Income				Shares
	(millions, except per share data)
Net income and average number of shares outstanding	$	217			334.9	$	292			358.3
Shares to be issued under deferred compensation and other plans					0.8					0.9
	$	217			335.7	$	292			359.2
Basic earnings per share			$	.65				$	.81
Effect of dilutive securities:
Stock options, restricted stock and restricted stock units					5.3					6.2
	$	217			341.0	$	292			365.4
Diluted earnings per share			$	.64				$	.80



	26 Weeks Ended
	August 1, 2015					August 2, 2014
	Net Income				Shares	Net Income				Shares
	(millions, except per share data)
Net income and average number of shares outstanding	$	410			337.3	$	516			361.5
Shares to be issued under deferred compensation and other plans					0.9					1.0
	$	410			338.2	$	516			362.5
Basic earnings per share			$	1.21				$	1.42
Effect of dilutive securities:
Stock options, restricted stock and restricted stock units					5.5					6.5
	$	410			343.7	$	516			369.0
Diluted earnings per share			$	1.19				$	1.40

In addition to the stock options, restricted stock and restricted stock units reflected in the foregoing tables, stock options to purchase 3.4 million shares of common stock and restricted stock units relating to 1.1 million shares of common stock were outstanding at August 1, 2015, but were not included in the computation of diluted earnings per share for the 13 or 26 weeks ended August 1, 2015 because their inclusion would have been antidilutive or they 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 tables, stock options to purchase 3.2 million shares of common stock and restricted stock units relating to 1.0 million shares of common stock were outstanding at August 2, 2014, but were not included in the computation of diluted earnings per share for the 13 or 26 weeks ended August 2, 2014 because their inclusion would have been antidilutive or they were subject to performance conditions that had not been met.