Earnings Per Share

9 Months Ended

Oct. 31, 2015

Earnings Per Share Attributable to Macy's, Inc. Shareholders

The following tables set forth the computation of basic and diluted earnings per share attributable to Macy's, Inc. shareholders:



	13 Weeks Ended
	October 31, 2015					November 1, 2014
	Net Income				Shares	Net Income				Shares
	(millions, except per share data)
Net income attributable to Macy's, Inc. shareholders and average number of shares outstanding	$	118			324.5	$	217			350.8
Shares to be issued under deferred compensation and other plans					0.8					0.8
	$	118			325.3	$	217			351.6
Basic earnings per share attributable to Macy's, Inc. shareholders			$	.36				$	.62
Effect of dilutive securities:
Stock options, restricted stock and restricted stock units					4.4					6.1
	$	118			329.7	$	217			357.7
Diluted earnings per share attributable to Macy's, Inc. shareholders			$	.36				$	.61



	39 Weeks Ended
	October 31, 2015					November 1, 2014
	Net Income				Shares	Net Income				Shares
	(millions, except per share data)
Net income attributable to Macy's, Inc. shareholders and average number of shares outstanding	$	528			333.0	$	733			358.0
Shares to be issued under deferred compensation and other plans					0.9					0.9
	$	528			333.9	$	733			358.9
Basic earnings per share attributable to Macy's, Inc. shareholders			$	1.58				$	2.04
Effect of dilutive securities:
Stock options, restricted stock and restricted stock units					5.1					6.3
	$	528			339.0	$	733			365.2
Diluted earnings per share attributable to Macy's, Inc. shareholders			$	1.56				$	2.01

In addition to the stock options, restricted stock and restricted stock units reflected in the foregoing tables, stock options to purchase 6.2 million shares of common stock and restricted stock units relating to 0.7 million shares of common stock were outstanding at October 31, 2015, but were not included in the computation of diluted earnings per share for the 13 or 39 weeks ended October 31, 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 0.9 million shares of common stock were outstanding at November 1, 2014, but were not included in the computation of diluted earnings per share for the 13 or 39 weeks ended November 1, 2014 because their inclusion would have been antidilutive or they were subject to performance conditions that had not been met.