Annual report pursuant to Section 13 and 15(d)

Earnings Per Share

v2.4.0.6
Earnings Per Share
12 Months Ended
Jan. 28, 2012
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share
Earnings Per Share
The following table sets forth the computation of basic and diluted earnings per share:
 
 
2011
 
2010
 
2009
 
Net
Income
 
 
 
Shares
 
Net
Income
 
 
 
Shares
 
Net Income
 
 
 
Shares
 
(millions, except per share data)
Net income and average number of shares outstanding
$
1,256

 
 
 
423.5

 
$
847

 
 
 
422.2

 
$
329

 
 
 
420.4

Shares to be issued under deferred compensation plans
 
 
 
 
1.0

 
 
 
 
 
1.1

 
 
 
 
 
1.3

 
$
1,256

 
 
 
424.5

 
$
847

 
 
 
423.3

 
$
329

 
 
 
421.7

Basic earnings per share
 
 
$
2.96

 
 
 
 
 
$
2.00

 
 
 
 
 
$
0.78

 
 
Effect of dilutive securities –
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Stock options, restricted stock and restricted stock units
 
 
 
 
5.9

 
 
 
 
 
4.0

 
 
 
 
 
1.5

 
$
1,256

 
 
 
430.4

 
$
847

 
 
 
427.3

 
$
329

 
 
 
423.2

Diluted earnings per share
 
 
$
2.92

 
 
 
 
 
$
1.98

 
 
 
 
 
$
0.78

 
 

In addition to the stock options, restricted stock and restricted stock units reflected in the foregoing table, 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, stock options to purchase 24.8 million shares of common stock and restricted stock units relating to 1.0 million shares of common stock were outstanding at January 29, 2011, and stock options to purchase 28.9 million of shares of common stock, 75,000 shares of restricted stock and restricted stock units relating to 2.9 million shares of common stock were outstanding at January 30, 2010, but were not included in the computation of diluted earnings per share for 2011, 2010 and 2009, respectively, because their inclusion would have been antidilutive or these shares were subject to performance conditions that had not been met.