Annual report pursuant to Section 13 and 15(d)

Earnings Per Share

v2.4.0.6
Earnings Per Share
12 Months Ended
Feb. 02, 2013
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
The following table sets forth the computation of basic and diluted earnings per share:
 
 
2012
 
2011
 
2010
 
Net
Income
 
 
 
Shares
 
Net
Income
 
 
 
Shares
 
Net Income
 
 
 
Shares
 
(millions, except per share data)
Net income and average number of shares outstanding
$
1,335

 
 
 
404.4

 
$
1,256

 
 
 
423.5

 
$
847

 
 
 
422.2

Shares to be issued under deferred compensation and other plans
 
 
 
 
1.1

 
 
 
 
 
1.0

 
 
 
 
 
1.1

 
$
1,335

 
 
 
405.5

 
$
1,256

 
 
 
424.5

 
$
847

 
 
 
423.3

Basic earnings per share
 
 
$
3.29

 
 
 
 
 
$
2.96

 
 
 
 
 
$
2.00

 
 
Effect of dilutive securities –
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Stock options, restricted stock and restricted stock units
 
 
 
 
6.7

 
 
 
 
 
5.9

 
 
 
 
 
4.0

 
$
1,335

 
 
 
412.2

 
$
1,256

 
 
 
430.4

 
$
847

 
 
 
427.3

Diluted earnings per share
 
 
$
3.24

 
 
 
 
 
$
2.92

 
 
 
 
 
$
1.98

 
 

In addition to the stock options, restricted stock and restricted stock units reflected in the foregoing table, stock options to purchase 7.5 million shares of common stock and restricted stock units relating to 1.4 million shares of common stock were outstanding at February 2, 2013, stock options to purchase 9.3 million shares of common stock and restricted stock units relating to 2.1 million shares of common stock were outstanding at January 28, 2012, and stock options to purchase 24.8 million of shares of common stock and restricted stock units relating to 1.0 million shares of common stock were outstanding at January 29, 2011, but were not included in the computation of diluted earnings per share for 2012, 2011 and 2010, respectively, because their inclusion would have been antidilutive or they were subject to performance conditions that had not been met.