Earnings Per Share

9 Months Ended

Oct. 29, 2022

2.	Earnings Per Share

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

	13 Weeks Ended
	October 29, 2022						October 30, 2021
	Net Income				Shares		Net Income				Shares
	(millions, except per share data)
Net income and average number of shares outstanding	$	108				271.0	$	239				305.8
Shares to be issued under deferred compensation and other plans						1.0						1.1
	$	108				272.0	$	239				306.9
Basic earnings per share			$	0.40					$	0.78
Effect of dilutive securities:
Stock options and restricted stock units						5.7						6.9
	$	108				277.7	$	239				313.8
Diluted earnings per share			$	0.39					$	0.76

	39 Weeks Ended
	October 29, 2022						October 30, 2021
	Net Income				Shares		Net Income				Shares
	(millions, except per share data)
Net income and average number of shares outstanding	$	668				274.6	$	687				309.3
Shares to be issued under deferred compensation and other plans						1.0						1.0
	$	668				275.6	$	687				310.3
Basic earnings per share			$	2.43					$	2.21
Effect of dilutive securities:
Stock options and restricted stock units						6.4						6.7
	$	668				282.0	$	687				317.0
Diluted earnings per share			$	2.37					$	2.17

In addition to the stock options and restricted stock units reflected in the foregoing table, stock options to purchase 12.3 million and 14.3 million shares of common stock and restricted stock units relating to 0.8 million and 1.0 million shares of common stock were outstanding at October 29, 2022 and October 30, 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.