Earnings Per Share

6 Months Ended

Jul. 30, 2022

2.	Earnings Per Share

The following tables set forth the computation of basic and diluted earnings per share:

	13 Weeks Ended
	July 30, 2022						July 31, 2021
	Net Income				Shares		Net Income				Shares
	(millions, except per share data)
Net income and average number of shares outstanding	$	275				270.1	$	345				311.5
Shares to be issued under deferred compensation and other plans						1.0						0.9
	$	275				271.1	$	345				312.4
Basic earnings per share			$	1.01					$	1.11
Effect of dilutive securities:
Stock options and restricted stock units						6.3						6
	$	275				277.4	$	345				318.6
Diluted earnings per share			$	0.99					$	1.08

	26 Weeks Ended
	July 30, 2022						July 31, 2021
	Net Income				Shares		Net Income				Shares
	(millions, except per share data)
Net income and average number of shares outstanding	$	561				276.3	$	448				311.1
Shares to be issued under deferred compensation and other plans						1.0					0.9
	$	561				277.3	$	448				312.0
Basic earnings per share			$	2.02					$	1.44
Effect of dilutive securities:
Stock options and restricted stock units						6.8						6.6
	$	561				284.1	$	448				318.6
Diluted earnings per share			$	1.97					$	1.41

In addition to the stock options and restricted stock units reflected in the foregoing table, stock options to purchase 12.2 million and 14.4 million shares of common stock and restricted stock units relating to 2.3 million and 1.0 million shares of common stock were outstanding at July 30, 2022 and July 31, 2021, respectively, 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.