Earnings Per Share

3 Months Ended

May 03, 2014

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share:

	13 Weeks Ended
	May 3, 2014					May 4, 2013
	Net Income				Shares	Net Income				Shares
	(millions, except per share data)
Net income and average number of shares outstanding	$	224			364.8	$	217			387.0
Shares to be issued under deferred compensation and other plans					1.1					1.2
	$	224			365.9	$	217			388.2
Basic earnings per share			$	.61				$	.56
Effect of dilutive securities:
Stock options, restricted stock and restricted stock units					6.7					6.3
	$	224			372.6	$	217			394.5
Diluted earnings per share			$	.60				$	.55

In addition to the stock options, restricted stock and restricted stock units reflected in the foregoing table, stock options to purchase 3.3 million shares of common stock, 179,000 shares of restricted stock and restricted stock units relating to 0.9 million shares of common stock were outstanding at May 3, 2014, but were not included in the computation of diluted earnings per share for the 13 weeks endedMay 3, 2014 because their inclusion would have been antidilutive or they were subject to performance conditions that had not been met.

In addition to the stock options, restricted stock and restricted stock units reflected in the foregoing table, stock options to purchase 10.9 million shares of common stock, 237,000 shares of restricted stock and restricted stock units relating to 1.8 million shares of common stock were outstanding at May 4, 2013, but were not included in the computation of diluted earnings per share for the 13 weeks endedMay 4, 2013 because their inclusion would have been antidilutive or they were subject to performance conditions that had not been met.