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Earnings Per Share (Tables)
6 Months Ended
Jul. 30, 2022
Earnings Per Share [Abstract]  
Computation of Basic and Diluted 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