Basic and Diluted Earnings Per Share (Tables)

9 Months Ended

Oct. 29, 2023

Schedule of basic and diluted earnings per share

The diluted earnings per share calculation includes the basic weighted average number of shares of Class A common stock outstanding plus the dilutive impact of potential outstanding shares of Class A common stock that would be issued upon exchange of Partnership Interests, together with the retirement of a corresponding number of shares of Class B common stock, under the if-converted method, if dilutive. The treasury stock method is applied to outstanding awards, including unvested Partnership Interests and outstanding stock appreciation rights, restricted stock units and stock options.


	Three Months Ended				Nine Months Ended
Basic earnings per share:	October 29, 2023		October 30, 2022		October 29, 2023		October 30, 2022
Net income	$	158	$	178	$	455	$	497
Net income attributable to non-controlling interests	46		67		147		185
Net income available to Class A common stock	112		111		308		312
Weighted average shares outstanding	170,999,291		170,027,629		169,989,859		168,485,011
Net income per share	$	0.65	$	0.65	$	1.81	$	1.85
Diluted earnings per share:
Net income available to common shareholders - basic	$	112	$	111	$	308	$	312
Increase to net income attributable to dilutive instruments	34		49		110		137
Net income available to common shareholders - diluted	146		160		418		449
Weighted average shares outstanding - basic	170,999,291		170,027,629		169,989,859		168,485,011
Incremental shares of common stock attributable to dilutive instruments	53,687,122		76,234,595		62,495,881		77,713,811
Weighted average shares outstanding - diluted	224,686,413		246,262,224		232,485,740		246,198,822
Net income per share - diluted	$	0.65	$	0.65	$	1.80	$	1.82