Net Income Per Common Share

9 Months Ended

Oct. 31, 2011

Net Income Per Common Share [Abstract]

Net Income Per Common Share

Note 2. Net Income Per Common Share

Basic income per common share from continuing operations attributable to Walmart is based on the weighted-average number of outstanding common shares. Diluted income per common share from continuing operations attributable to Walmart is based on the weighted-average number of outstanding common shares adjusted for the dilutive effect of stock options and other share-based awards. The Company had approximately 9 million and 11 million stock options outstanding at October 31, 2011 and 2010, respectively, which were not included in the diluted income per common share from continuing operations attributable to Walmart calculation because their effect would be antidilutive.

The following table provides a reconciliation of the numerators and denominators used to determine basic and diluted income per common share from continuing operations attributable to Walmart:

	Three Months Ended October 31,						Nine Months Ended October 31,
(Amounts in millions, except per share data)	2011			2010			2011			2010
Numerator:
Income from continuing operations	$	3,501		$	3,590		$	11,016		$	10,781
Less consolidated net income attributable to noncontrolling interest		(157	)		(154	)		(444	)		(448	)
Income from continuing operations attributable to Walmart	$	3,344		$	3,436		$	10,572		$	10,333
Denominator:
Weighted-average common shares outstanding, basic		3,445			3,617			3,473			3,692
Dilutive impact of stock options and other share-based awards		13			14			14			14
Weighted-average common shares outstanding, diluted		3,458			3,631			3,487			3,706
Net income per common share from continuing operations attributable to Walmart:
Basic	$	0.97		$	0.95		$	3.04		$	2.80
Diluted		0.97			0.95			3.03			2.79