EARNINGS PER COMMON SHARE

12 Months Ended

Jan. 29, 2022

EARNINGS PER COMMON SHARE

EARNINGS PER COMMON SHARE

10. 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 ended					For the year ended					For the year ended
	January 29, 2022					January 30, 2021					February 1, 2020
				Per					Per					Per
	Earnings		Shares	Share		Earnings		Shares	Share		Earnings		Shares	Share
(in millions, except per share amounts)	(Numerator)		(Denominator)	Amount		(Numerator)		(Denominator)	Amount		(Numerator)		(Denominator)	Amount
Net earnings attributable to The Kroger Co. per basic common share	$	1,639	744	$	2.20	$	2,556	773	$	3.31	$	1,640	799	$	2.05
Dilutive effect of stock options			10					8					6
Net earnings attributable to The Kroger Co. per diluted common share	$	1,639	754	$	2.17	$	2,556	781	$	3.27	$	1,640	805	$	2.04

The Company had combined undistributed and distributed earnings to participating securities totaling $16, $29 and $19 in 2021, 2020 and 2019, respectively.

The Company had stock options outstanding for approximately 2.4 million, 9.1 million and 18.4 million shares, respectively, for the years ended January 29, 2022, January 30, 2021, and February 1, 2020, which 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 diluted share.