EARNINGS PER COMMON SHARE

12 Months Ended

Jan. 30, 2016

EARNINGS PER COMMON SHARE

EARNINGS PER COMMON SHARE

11.EARNINGS  PER COMMON  SHARE

Net earnings attributable to The Kroger Co. per basic common share equals net earnings attributable to The Kroger Co. less income allocated to participating securities divided by the weighted average number of common shares outstanding.  Net earnings attributable to The Kroger Co. per diluted common share equals net earnings attributable to The Kroger Co. less income allocated to participating securities divided by the weighted average number of common shares outstanding, after giving effect to dilutive stock options.  The following table provides a reconciliation of net earnings attributable to The Kroger Co. and shares used in calculating net earnings attributable to The Kroger Co. per basic common share to those used in calculating net earnings attributable to The Kroger Co. per diluted common share:

	For the year ended January 30, 2016					For the year ended January 31, 2015					For the year ended February 1, 2014
(in millions, except per share amounts)	Earnings (Numer- ator)		Shares (Denomi- nator)	Per Share Amount		Earnings (Numer- ator)		Shares (Denomi- nator)	Per Share Amount		Earnings (Numer- ator)		Shares (Denomi- nator)	Per Share Amount
Net earnings attributable to The Kroger Co. per basic common share	$	2,021	966	$	2.09	$	1,711	981	$	1.74	$	1,507	1,028	$	1.47
Dilutive effect of stock options			14					12					12
Net earnings attributable to The Kroger Co. per diluted common share	$	2,021	980	$	2.06	$	1,711	993	$	1.72	$	1,507	1,040	$	1.45

The Company had combined undistributed and distributed earnings to participating securities totaling $18, $17 and $12 in 2015, 2014 and 2013, respectively.

The Company had options outstanding for approximately 1.9 million, 4.6 million and 4.7 million, respectively, for the years ended January 30, 2016, January 31, 2015 and February 1, 2014, which were excluded from the computations of net earnings per diluted common share because their inclusion would have had an anti-dilutive effect on net earnings per diluted share.