Earnings Per Share

9 Months Ended

Oct. 28, 2023

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


	13 Weeks Ended
	October 28, 2023					October 29, 2022
	Net Income				Shares	Net Income				Shares
	(millions, except per share data)
Net income and average number of shares outstanding	$	43			273.7	$	108			271.0
Shares to be issued under deferred compensation and other plans					1.0					1.0
	$	43			274.7	$	108			272.0
Basic earnings per share			$	0.16				$	0.40
Effect of dilutive securities:
Stock options and restricted stock units					2.9					5.7
	$	43			277.6	$	108			277.7
Diluted earnings per share			$	0.15				$	0.39

	39 Weeks Ended
	October 28, 2023					October 29, 2022
	Net Income				Shares	Net Income				Shares
	(millions, except per share data)
Net income and average number of shares outstanding	$	175			272.9	$	668			274.6
Shares to be issued under deferred compensation and other plans					1.0					1.0
	$	175			273.9	$	668			275.6
Basic earnings per share			$	0.64				$	2.43
Effect of dilutive securities:
Stock options and restricted stock units					3.8					6.4
	$	175			277.7	$	668			282.0
Diluted earnings per share			$	0.63				$	2.37

In addition to the stock options and restricted stock units reflected in the foregoing table, stock options to purchase 9.9 million and 12.3 million shares of common stock and restricted stock units relating to 1.4 million and 0.8 million shares of common stock were outstanding at October 28, 2023 and October 29, 2022, 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.