Net Income Per Share

3 Months Ended

Apr. 29, 2023

The following table sets forth the calculations of basic and diluted net income per share:


	13 Weeks Ended
(in millions, except per share data)	April 29, 2023		April 30, 2022
Basic net income per share:
Net income	$	299.0	$	536.4
Weighted average number of shares outstanding	221.1		225.3
Basic net income per share	$	1.35	$	2.38
Diluted net income per share:
Net income	$	299.0	$	536.4
Weighted average number of shares outstanding	221.1		225.3
Dilutive effect of stock options and restricted stock (as determined by applying the treasury stock method)	0.6		1.1
Weighted average number of shares and dilutive potential shares outstanding	221.7		226.4
Diluted net income per share	$	1.35	$	2.37

Stock options and other stock-based awards of 2.9 million shares and 2.9 million shares were excluded from the calculation of diluted net income per share for the 13 weeks ended April 29, 2023 and April 30, 2022, respectively, because their inclusion would be anti-dilutive.