Annual report pursuant to Section 13 and 15(d)

Earnings Per Share

v2.4.0.8
Earnings Per Share
12 Months Ended
Feb. 01, 2014
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
The following table sets forth the computation of basic and diluted earnings per share:
 
 
2013
 
2012
 
2011
 
Net
Income
 
 
 
Shares
 
Net
Income
 
 
 
Shares
 
Net Income
 
 
 
Shares
 
(millions, except per share data)
Net income and average number of shares outstanding
$
1,486

 
 
 
377.3

 
$
1,335

 
 
 
404.4

 
$
1,256

 
 
 
423.5

Shares to be issued under deferred compensation
and other plans
 
 
 
 
1.0

 
 
 
 
 
1.1

 
 
 
 
 
1.0

 
$
1,486

 
 
 
378.3

 
$
1,335

 
 
 
405.5

 
$
1,256

 
 
 
424.5

Basic earnings per share
 
 
$
3.93

 
 
 
 
 
$
3.29

 
 
 
 
 
$
2.96

 
 
Effect of dilutive securities –
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Stock options, restricted stock and restricted
stock units
 
 
 
 
6.5

 
 
 
 
 
6.7

 
 
 
 
 
5.9

 
$
1,486

 
 
 
384.8

 
$
1,335

 
 
 
412.2

 
$
1,256

 
 
 
430.4

Diluted earnings per share
 
 
$
3.86

 
 
 
 
 
$
3.24

 
 
 
 
 
$
2.92

 
 

In addition to the stock options, restricted stock and restricted stock units reflected in the foregoing table, restricted stock units relating to 0.7 million shares of common stock were outstanding at February 1, 2014, 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, and stock options to purchase 9.3 million of shares of common stock and restricted stock units relating to 2.1 million shares of common stock were outstanding at January 28, 2012, but were not included in the computation of diluted earnings per share for 2013, 2012 and 2011, respectively, because their inclusion would have been antidilutive or they were subject to performance conditions that had not been met.