EARNINGS PER SHARE

12 Months Ended

Jul. 29, 2023

NOTE 15—EARNINGS PER SHARE

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


(in millions, except per share data)	2023		2022		2021
Basic weighted average shares outstanding	59.2		58.0		56.1
Net effect of dilutive stock awards based upon the treasury stock method	1.5		3.0		3.9
Diluted weighted average shares outstanding	60.7		61.0		60.0

Basic earnings per share(1):
Continuing operations	$	0.41	$	4.28	$	2.55
Discontinued operations	$	—	$	—	$	0.10
Basic earnings per share	$	0.41	$	4.28	$	2.65
Diluted earnings per share(1):
Continuing operations	$	0.40	$	4.07	$	2.38
Discontinued operations	$	—	$	—	$	0.09
Diluted earnings per share	$	0.40	$	4.07	$	2.48

Anti-dilutive share-based awards excluded from the calculation of diluted earnings per share	0.8		0.5		0.9

(1) Earnings per share amounts are calculated using actual unrounded figures.