Macy's, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Earnings Per Share

Earnings Per Share

12 Months Ended

Feb. 01, 2020

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:



	2019					2018					2017
	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	$	564			308.8	$	1,108			306.8	$	1,566			304.5
Shares to be issued under deferred compensation and other plans	—				0.9	—				0.9	—				0.9
	$	564			309.7	$	1,108			307.7	$	1,566			305.4
Basic earnings per share attributable to Macy's, Inc. shareholders			$	1.82				$	3.60				$	5.13
Effect of dilutive securities:
Stock options and restricted stock units	—				1.7	—				3.7	—				1.4
	$	564			311.4	$	1,108			311.4	$	1,566			306.8
Diluted earnings per share attributable to Macy's, Inc. shareholders			$	1.81				$	3.56				$	5.10

In addition to the stock options and restricted stock units reflected in the foregoing table, stock options to purchase 18.5 million shares of common stock and restricted stock units relating to 1.7 million shares of common stock were outstanding at February 1, 2020, stock options to purchase 15.3 million of shares of common stock and restricted stock units relating to 0.9 million shares of common stock were outstanding at February 2, 2019, and stock options to purchase 16.6 million of shares of common stock and restricted stock units relating to 0.9 million shares of common stock were outstanding at February 3, 2018, but were not included in the computation of diluted earnings per share attributable to Macy's, Inc. shareholders for 2019, 2018 and 2017, respectively, because their inclusion would have been antidilutive or they were subject to performance conditions that had not been met.