Earnings Per Share

6 Months Ended

Aug. 03, 2019

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 3, 2019					August 4, 2018
	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	$	86			308.9	$	166			306.8
Shares to be issued under deferred compensation and other plans					0.9					0.9
	$	86			309.8	$	166			307.7
Basic earnings per share attributable to Macy's, Inc. shareholders			$	0.28				$	0.54
Effect of dilutive securities:
Stock options, restricted stock and restricted stock units					1.8					4.3
	$	86			311.6	$	166			312.0
Diluted earnings per share attributable to Macy's, Inc. shareholders			$	0.28				$	0.53



	26 Weeks Ended
	August 3, 2019					August 4, 2018
	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	$	223			308.6	$	306			306.2
Shares to be issued under deferred compensation and other plans					0.9					0.9
	$	223			309.5	$	306			307.1
Basic earnings per share attributable to Macy's, Inc. shareholders			$	0.72				$	0.99
Effect of dilutive securities:
Stock options, restricted stock and restricted stock units					2.0					3.6
	$	223			311.5	$	306			310.7
Diluted earnings per share attributable to Macy's, Inc. shareholders			$	0.71				$	0.98

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 1.3 million shares of common stock were outstanding at August 3, 2019, 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 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.