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 28, 2017					October 29, 2016
	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	$	36			304.6	$	17			307.5
Shares to be issued under deferred compensation and other plans					0.9					0.9
	$	36			305.5	$	17			308.4
Basic earnings per share attributable to Macy's, Inc. shareholders			$	.12				$	.05
Effect of dilutive securities:
Stock options, restricted stock and restricted stock units					1.0					2.2
	$	36			306.5	$	17			310.6
Diluted earnings per share attributable to Macy's, Inc. shareholders			$	.12				$	.05



	39 Weeks Ended
	October 28, 2017					October 29, 2016
	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	$	222			304.5	$	144			308.6
Shares to be issued under deferred compensation and other plans					0.8					0.9
	$	222			305.3	$	144			309.5
Basic earnings per share attributable to Macy's, Inc. shareholders			$	.73				$	.46
Effect of dilutive securities:
Stock options, restricted stock and restricted stock units					1.3					2.3
	$	222			306.6	$	144			311.8
Diluted earnings per share attributable to Macy's, Inc. shareholders			$	.73				$	.46

For the 13 and 39 weeks ended October 28, 2017, in addition to the stock options and restricted stock units reflected in the foregoing tables, stock options to purchase 18.9 million shares of common stock and restricted stock units relating to 1.2 million shares of common stock were outstanding at October 28, 2017, but were not included in the computation of diluted earnings per share because their inclusion would have been antidilutive or they were subject to performance conditions that had not been met.

For the 13 and 39 weeks ended October 29, 2016, in addition to the stock options and restricted stock units reflected in the foregoing tables, stock options to purchase 15.7 million shares of common stock and restricted stock units relating to 0.7 million shares of common stock were outstanding at October 29, 2016, but were not included in the computation of diluted earnings per share because their inclusion would have been antidilutive or they were subject to performance conditions that had not been met.