Earnings Per Share

12 Months Ended

Feb. 01, 2025

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


	2024					2023					2022
	Net Income				Shares	Net Income				Shares	Net Income				Shares
	(millions, except per share data)
Net income and average number of shares outstanding	$	582			276.8	$	45			273.2	$	1,146			273.7
Shares to be issued under deferred compensation and other plans					0.9					1.0					1.0
	$	582			277.7	$	45			274.2	$	1,146			274.7
Basic earnings per share			$	2.10				$	0.16				$	4.17
Effect of dilutive securities:
Stock options and restricted stock units					3.9					4.0					6.4
	$	582			281.6	$	45			278.2	$	1,146			281.1
Diluted earnings per share			$	2.07				$	0.16				$	4.08

In addition to the stock options and restricted stock units in the foregoing table, stock options to purchase 7.8 million shares of common stock and restricted stock units relating to 0.6 million shares of common stock were outstanding at February 1, 2025, stock options to purchase 9.9 million shares of common stock and restricted stock units relating to 1.6 million shares of common stock were outstanding at February 3, 2024, and stock options to purchase 12.1 million of shares of common stock and restricted stock units relating to 0.7 million shares of common stock were outstanding at January 28, 2023, but were not included in the computation of diluted earnings per share for 2024, 2023, or 2022, respectively, because their inclusion would have been antidilutive or they were subject to performance conditions that had not been met.