EARNINGS PER COMMON SHARE

9 Months Ended

Nov. 09, 2019

EARNINGS PER COMMON SHARE

EARNINGS PER COMMON SHARE

4. EARNINGS PER COMMON SHARE

Net earnings attributable to The Kroger Co. per basic common share equal 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 equal 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:

	Third Quarter Ended					Third Quarter Ended
	November 9, 2019					November 10, 2018
				Per					Per
	Earnings		Shares	Share		Earnings		Shares	Share
	(Numerator)		(Denominator)	Amount		(Numerator)		(Denominator)	Amount
Net earnings attributable to The Kroger Co. per basic common share	$	260	802	$	0.32	$	313	797	$	0.39
Dilutive effect of stock options			5					10
Net earnings attributable to The Kroger Co. per diluted common share	$	260	807	$	0.32	$	313	807	$	0.39

	Three Quarters Ended					Three Quarters Ended
	November 9, 2019					November 10, 2018
				Per					Per
	Earnings		Shares	Share		Earnings		Shares	Share
	(Numerator)		(Denominator)	Amount		(Numerator)		(Denominator)	Amount
Net earnings attributable to The Kroger Co. per basic common share	$	1,317	800	$	1.65	$	2,820	814	$	3.46
Dilutive effect of stock options			5					8
Net earnings attributable to The Kroger Co. per diluted common share	$	1,317	805	$	1.64	$	2,820	822	$	3.43

The Company had combined undistributed and distributed earnings to participating securities totaling $3 and $4 in the third quarters of 2019 and 2018, respectively. For the first three quarters of 2019 and 2018, the Company had combined undistributed and distributed earnings to participating securities of $15 and $31, respectively.

The Company had options outstanding for approximately 18 million and 11 million shares during the third quarters of 2019 and 2018, respectively, that were excluded from the computations of net earnings per diluted common share because their inclusion would have had an anti-dilutive effect on net earnings per share. The Company had options outstanding for approximately 24 million shares during the first three quarters of 2019 and 11 million shares in the first three quarters of 2018 that were excluded from the computations of net earnings per diluted common share because their inclusion would have had an anti-dilutive effect on net earnings per share.