Earnings Per Share

6 Months Ended

Jul. 30, 2011

Earnings Per Share

Earnings Per Share

2.  Earnings Per Share

Basic earnings per share (EPS) is calculated as net earnings divided by the weighted average number of common shares outstanding during the period. Diluted EPS includes the potentially dilutive impact of share-based awards outstanding at period end, consisting of the incremental shares assumed to be issued upon the exercise of stock options and the incremental shares assumed to be issued under performance share and restricted stock unit arrangements.

Earnings Per Share	Three Months Ended				Six Months Ended
(millions, except per share data)	July 30, 2011		July 31, 2010		July 30, 2011		July 31, 2010
Net earnings	$	704	$	679	$	1,393	$	1,350
Basic weighted average common shares outstanding	680.8		731.1		686.7		735.5
Dilutive impact of share-based awards(a)	4.3		5.5		4.5		5.6
Diluted weighted average common shares outstanding	685.1		736.6		691.2		741.1
Basic earnings per share	$	1.03	$	0.93	$	2.03	$	1.84
Diluted earnings per share	$	1.03	$	0.92	$	2.02	$	1.82

(a) Excluded 18.5 million and 16.5 million share-based awards for the three and six months ended July 30, 2011, respectively, and 11.6 million share-based awards for both the three and six months ended July 31, 2010 because their effects were antidilutive.