EARNINGS PER COMMON SHARE

12 Months Ended

Jan. 28, 2012

EARNINGS PER COMMON SHARE

EARNINGS PER COMMON SHARE

9.EARNINGS PER COMMON SHARE

Net earnings attributable to The Kroger Co. per basic common share equals net earnings attributable to The Kroger Co. less income allocated to participating securities divided by the weighted average number of common shares outstanding.  Net earnings attributable to The Kroger Co. per diluted common share equals net earnings attributable to The Kroger Co. less income allocated to participating securities divided by the weighted average number of common shares outstanding, after giving effect to dilutive stock options.  The following table provides a reconciliation of net earnings attributable to The Kroger Co. and shares used in calculating net earnings attributable to The Kroger Co. per basic common share to those used in calculating net earnings attributable to The Kroger Co. per diluted common share:

	For the year endedJanuary 28, 2012					For the year endedJanuary 29, 2011					For the year endedJanuary 30, 2010
(in millions, except per share amounts)	Earnings(Numerator)		Shares(Denominator)	PerShareAmount		Earnings(Numerator)		Shares(Denominator)	PerShareAmount		Earnings(Numerator)		Shares(Denominator)	PerShareAmount
Net earnings attributable to The Kroger Co. per basic common share	$	598	590	$	1.01	$	1,109	635	$	1.75	$	69	647	$	0.11
Dilutive effect of stock options			3					3					3
Net earnings attributable to The Kroger Co. per diluted common share	$	598	593	$	1.01	$	1,109	638	$	1.74	$	69	650	$	0.11

The Company had undistributed and distributed earnings to participating securities totaling $4, $7 and $1 in 2011, 2010 and 2009, respectively.

For the years ended January 28, 2012, January 29, 2011 and January 30, 2010, there were options outstanding for approximately 12.2 million, 21.2 million and 20.2 million common shares, respectively, that were excluded from the computation of net earnings attributable to The Kroger Co. per diluted common share.  These shares were excluded because their inclusion would have had an anti-dilutive effect on EPS.