Earnings Per Share

9 Months Ended

Nov. 02, 2024

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


	13 Weeks Ended
	November 2, 2024					October 28, 2023
	Net Income				Shares	Net Income				Shares
	(millions, except per share data)
Net income and average number of shares outstanding	$	28			277.4	$	41			273.7
Shares to be issued under deferred compensation and other plans					1.0					1.0
	$	28			278.4	$	41			274.7
Basic earnings per share			$	0.10				$	0.15
Effect of dilutive securities:
Stock options and restricted stock units					3.1					2.9
	$	28			281.5	$	41			277.6
Diluted earnings per share			$	0.10				$	0.15

	39 Weeks Ended
	November 2, 2024					October 28, 2023
	Net Income				Shares	Net Income				Shares
	(millions, except per share data)
Net income and average number of shares outstanding	$	240			276.5	$	173			272.9
Shares to be issued under deferred compensation and other plans					0.9					1.0
	$	240			277.4	$	173			273.9
Basic earnings per share			$	0.86				$	0.63
Effect of dilutive securities:
Stock options and restricted stock units					3.9					3.8
	$	240			281.3	$	173			277.7
Diluted earnings per share			$	0.85				$	0.62

In addition to the stock options and restricted stock units reflected in the foregoing table, stock options to purchase 7.9 million and 9.9 million shares of common stock and restricted stock units relating to 0.2 million and 1.4 million shares of common stock were outstanding at November 2, 2024 and October 28, 2023, respectively, but were not included in the computation of diluted earnings per share because their inclusion would have been antidilutive or they were subject to performance conditions that had not been met.