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Net Earnings Per Share (Tables)
 4 Months Ended
Jun. 17, 2017
Earnings Per Share [Abstract]  
Calculation of Basic and Diluted Net Earnings (Loss) Per Share
The following table reflects the calculation of basic and diluted net earnings per share:
 
First Quarter Ended
 
June 17, 
 2017 
 (16 weeks)
 
June 18, 
 2016 
 (16 weeks)
Net earnings from continuing operations
$
12

 
$
20

Less net earnings attributable to noncontrolling interests
(1
)
 
(1
)
Net earnings from continuing operations attributable to SUPERVALU INC.
11

 
19

Income from discontinued operations, net of tax
—

 
27

Net earnings attributable to SUPERVALU INC.
$
11

 
$
46

 
 
 
 
Weighted average number of shares outstanding—basic
267

 
264

Dilutive impact of stock-based awards
2

 
3

Weighted average number of shares outstanding—diluted
269

 
267

 
 
 
 
Basic net earnings per share attributable to SUPERVALU INC.:
Continuing operations
$
0.04

 
$
0.07

Discontinued operations
$
—

 
$
0.10

Basic net earnings per share
$
0.04

 
$
0.17

Diluted net earnings per share attributable to SUPERVALU INC.:
Continuing operations
$
0.04

 
$
0.07

Discontinued operations
$
—

 
$
0.10

Diluted net earnings per share
$
0.04

 
$
0.17
Pro forma Schedule of Basic and Diluted earnings per share
The following table provides earnings per share calculated on a pro forma basis after giving effect to the reverse stock split, which Supervalu expects will begin trading on a split-adjusted basis when the market opens on August 2, 2017.
 
First Quarter Ended
 
June 17, 
 2017 
 (16 weeks)
 
June 18, 
 2016 
 (16 weeks)
Pro forma basic net earnings per share attributable to SUPERVALU INC. after reverse stock split:
Continuing operations
$
0.31

 
$
0.50

Discontinued operations
$
(0.01
)
 
$
0.72

Pro forma basic net earnings per share
$
0.30

 
$
1.22

Pro forma diluted net earnings per share attributable to SUPERVALU INC. after reverse stock split:
Continuing operations
$
0.30

 
$
0.49

Discontinued operations
$
(0.01
)
 
$
0.71

Pro forma diluted net earnings per share
$
0.30

 
$
1.20