Earnings Per Share

3 Months Ended

May 04, 2024

The following table sets forth the computation of basic and diluted earnings per share:


	13 Weeks Ended
	May 4, 2024					April 29, 2023
	Net Income				Shares	Net Income				Shares
	(millions, except per share data)
Net income and average number of shares outstanding	$	62			275.2	$	155			272.2
Shares to be issued under deferred compensation and other plans					0.9					0.9
	$	62			276.1	$	155			273.1
Basic earnings per share			$	0.22				$	0.57
Effect of dilutive securities:
Stock options and restricted stock units					4.9					4.7
	$	62			281.0	$	155			277.8
Diluted earnings per share			$	0.22				$	0.56

In addition to the stock options and restricted stock units reflected in the foregoing table, stock options to purchase 7.8 million and 10.0 million shares of common stock and restricted stock units relating to 3.0 million and 5.4 million shares of common stock were outstanding at May 4, 2024 and April 29, 2023, 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.