Annual report pursuant to Section 13 and 15(d)

Earnings Per Share

v3.7.0.1
Earnings Per Share
12 Months Ended
Jan. 28, 2017
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share Attributable to Macy's, Inc. Shareholders
The following table sets forth the computation of basic and diluted earnings per share attributable to Macy's, Inc. shareholders:
 
 
2016
 
2015
 
2014
 
Net
Income
 
 
 
Shares
 
Net
Income
 
 
 
Shares
 
Net Income
 
 
 
Shares
 
(millions, except per share data)
Net income attributable to Macy's, Inc. shareholders
    and average number of shares outstanding
$
619

 
 
 
307.6

 
$
1,072

 
 
 
327.6

 
$
1,526

 
 
 
354.3

Shares to be issued under deferred compensation
and other plans
 
 
 
 
0.9

 
 
 
 
 
0.8

 
 
 
 
 
0.9

 
$
619

 
 
 
308.5

 
$
1,072

 
 
 
328.4

 
$
1,526

 
 
 
355.2

Basic earnings per share attributable to Macy's, Inc. shareholders
 
 
$
2.01

 
 
 
 
 
$
3.26

 
 
 
 
 
$
4.30

 
 
Effect of dilutive securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Stock options, restricted stock and restricted
stock units
 
 
 
 
2.3

 
 
 
 
 
4.6

 
 
 
 
 
6.5

 
$
619

 
 
 
310.8

 
$
1,072

 
 
 
333.0

 
$
1,526

 
 
 
361.7

Diluted earnings per share attributable to Macy's, Inc. shareholders
 
 
$
1.99

 
 
 
 
 
$
3.22

 
 
 
 
 
$
4.22

 
 

In addition to the stock options and restricted stock units reflected in the foregoing table, stock options to purchase 15.5 million of shares of common stock and restricted stock units relating to 1.1 million shares of common stock were outstanding at January 28, 2017, stock options to purchase 12.6 million of shares of common stock and restricted stock units relating to 140,000 shares of common stock were outstanding at January 30, 2016, and stock options to purchase 3.2 million of shares of common stock and restricted stock units relating to 0.6 million shares of common stock were outstanding at January 31, 2015, but were not included in the computation of diluted earnings per share attributable to Macy's, Inc. shareholders for 2016, 2015 and 2014, respectively, because their inclusion would have been antidilutive or they were subject to performance conditions that had not been met.