EARNINGS PER SHARE

9 Months Ended

Apr. 30, 2022

Earnings Per Share [Abstract]

EARNINGS PER SHARE

NOTE 13—EARNINGS PER SHARE

The following is a reconciliation of the basic and diluted number of shares used in computing earnings per share:

	13-Week Period Ended				39-Week Period Ended
(in millions, except per share data)	April 30, 2022		May 1, 2021		April 30, 2022		May 1, 2021
Basic weighted average shares outstanding	58.4		56.5		57.9		56.0
Net effect of dilutive stock awards based upon the treasury stock method	2.5		4.0		3.1		3.7
Diluted weighted average shares outstanding	60.9		60.5		61.0		59.7
Basic earnings per share:
Continuing operations	$	1.15	$	0.85	$	3.62	$	1.84
Discontinued operations	$	—	$	0.01	$	—	$	0.06
Basic earnings per share	$	1.15	$	0.86	$	3.62	$	1.90
Diluted earnings per share:
Continuing operations	$	1.10	$	0.79	$	3.44	$	1.73
Discontinued operations	$	—	$	0.01	$	—	$	0.05
Diluted earnings per share	$	1.10	$	0.80	$	3.44	$	1.78
Anti-dilutive share-based awards excluded from the calculation of diluted earnings per share	0.5		0.8		0.5		1.2