Earnings Per Share

6 Months Ended

Aug. 01, 2026

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


	13 Weeks Ended
	August 1, 2026					August 2, 2025
	Net Income				Shares	Net Income				Shares
	(millions, except per share data)
Net income and average number of shares outstanding	$	169			262.8	$	87			271.0
Shares to be issued under deferred compensation and other plans					0.8					0.8
	$	169			263.6	$	87			271.8
Basic earnings per share			$	0.64				$	0.32
Effect of dilutive securities:
Restricted stock units					8.3					4.1
	$	169			271.9	$	87			275.9
Diluted earnings per share			$	0.62				$	0.31

	26 Weeks Ended
	August 1, 2026					August 2, 2025
	Net Income				Shares	Net Income				Shares
	(millions, except per share data)
Net income and average number of shares outstanding	$	232			263.2	$	124			273.8
Shares to be issued under deferred compensation and other plans					0.8					0.9
	$	232			264.0	$	124			274.7
Basic earnings per share			$	0.88				$	0.45
Effect of dilutive securities:
Restricted stock units					8.3					3.6
	$	232			272.3	$	124			278.3
Diluted earnings per share			$	0.85				$	0.44

In addition to the restricted stock units reflected in the foregoing table, stock options to purchase 3.6 million and 5.9 million shares of common stock and restricted stock units relating to 0.2 million and 1.0 million shares of common stock were outstanding at August 1, 2026 and August 2, 2025, 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.