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Computation of Earnings per Common Share
 3 Months Ended
May 02, 2015
Earnings Per Share [Abstract]  
Computation of Earnings per Common Share
Computation of Earnings per Common Share
 
The computation of basic and diluted earnings per share for the first quarter of 2015 and 2014 is as follows (in millions, except per share data):
 
13 Weeks Ended
 
May 2, 2015
 
May 3, 2014
Net income
$
59

 
$
96

 
 
 
 
Denominator:
 
 
 
Weighted-average common shares outstanding
639

 
643

Effect of dilutive securities:
 
 
 
Employee stock options and restricted shares (including performance-based awards)
6

 
6

Weighted-average common shares outstanding assuming dilution
645

 
649

 
 
 
 
Basic Earnings Per Common Share
$
0.09

 
$
0.15

 
 
 
 
Diluted Earnings Per Common Share
$
0.09

 
$
0.15


 
For the first quarter of 2015 and 2014, approximately 23 million and 33 million equity instruments, respectively, were excluded from the calculation of diluted earnings per share as their inclusion would have been anti-dilutive.