Annual report pursuant to Section 13 and 15(d)

Earnings Per Share

v3.20.1
Earnings Per Share
12 Months Ended
Feb. 01, 2020
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:
 
 
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.