Computation of Earnings Per Common Share (Notes)

9 Months Ended

Oct. 29, 2016

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 third quarter and year-to-date2016 and 2015 is as follows (in millions, except per share data):

	13 Weeks Ended				39 Weeks Ended
	October 29, 2016		October 31, 2015		October 29, 2016			October 31, 2015
Net income (loss)	$	179	$	198	$	(545	)	$	293
Denominator:
Weighted-average common shares outstanding	650		643		648			641
Effect of dilutive securities:
Employee stock options and restricted shares (including performance-based awards)	3		3		—			5
Weighted-average common shares outstanding assuming dilution	653		646		648			646
Basic Earnings Per Common Share	$	0.28	$	0.31	$	(0.84	)	$	0.46
Diluted Earnings Per Common Share	$	0.27	$	0.31	$	(0.84	)	$	0.45

For the third quarter of 2016, approximately 18 million equity instruments were excluded from the calculation of diluted earnings per share as their inclusion would have been anti-dilutive. For year-to-date2016, approximately 30 million equity instruments were excluded as the Company has recorded a net loss for the period. For the third quarter and year-to-date2015, approximately 18 million and 20 million equity instruments, respectively, were excluded from the calculation of diluted earnings per share as their inclusion would have been anti-dilutive.