Earnings Per Share

12 Months Ended

Jan. 30, 2016

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

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



	2015					2014					2013
	Net Income				Shares	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	$	1,072			327.6	$	1,526			354.3	$	1,486			377.3
Shares to be issued under deferred compensation and other plans					0.8					0.9					1.0
	$	1,072			328.4	$	1,526			355.2	$	1,486			378.3
Basic earnings per share attributable to Macy's, Inc. shareholders			$	3.26				$	4.30				$	3.93
Effect of dilutive securities:
Stock options, restricted stock and restricted stock units					4.6					6.5					6.5
	$	1,072			333.0	$	1,526			361.7	$	1,486			384.8
Diluted earnings per share attributable to Macy's, Inc. shareholders			$	3.22				$	4.22				$	3.86

In addition to the stock options, restricted stock and restricted stock units reflected in the foregoing table, stock options to purchase 12.6 million of shares of common stock and restricted stock units relating to 140,000 shares of common stock were outstanding at January 30, 2016, stock options to purchase 3.2 million of shares of common stock and restricted stock units relating to 0.6 million shares of common stock were outstanding at January 31, 2015, and restricted stock units relating to 0.7 million shares of common stock were outstanding at February 1, 2014, but were not included in the computation of diluted earnings per share attributable to Macy's, Inc. shareholders for 2015, 2014 and 2013, respectively, because their inclusion would have been antidilutive or they were subject to performance conditions that had not been met.