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
	August 4, 2018					July 29, 2017
	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	$	166			306.8	$	111			304.5
Shares to be issued under deferred compensation and other plans					0.9					1.0
	$	166			307.7	$	111			305.5
Basic earnings per share attributable to Macy's, Inc. shareholders			$	0.54				$	0.36
Effect of dilutive securities:
Stock options, restricted stock and restricted stock units					4.3					1.0
	$	166			312.0	$	111			306.5
Diluted earnings per share attributable to Macy's, Inc. shareholders			$	0.53				$	0.36



	26 Weeks Ended
	August 4, 2018					July 29, 2017
	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	$	306			306.2	$	189			304.4
Shares to be issued under deferred compensation and other plans					0.9					0.8
	$	306			307.1	$	189			305.2
Basic earnings per share attributable to Macy's, Inc. shareholders			$	0.99				$	0.62
Effect of dilutive securities:
Stock options, restricted stock and restricted stock units					3.6					1.5
	$	306			310.7	$	189			306.7
Diluted earnings per share attributable to Macy's, Inc. shareholders			$	0.98				$	0.62

In addition to the stock options and restricted stock units reflected in the foregoing tables, stock options to purchase 12.8 million shares of common stock and restricted stock units relating to 1.4 million shares of common stock were outstanding at August 4, 2018, 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.

In addition to the stock options and restricted stock units reflected in the foregoing tables, stock options to purchase 16.7 million shares of common stock and restricted stock units relating to 1.1 million shares of common stock were outstanding at July 29, 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.