Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.19.3.a.u2
Earnings Per Share
9 Months Ended
Nov. 02, 2019
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share Attributable to Macy's, Inc. Shareholders
The following tables set forth the computation of basic and diluted earnings per share attributable to Macy's, Inc. shareholders:

 
13 Weeks Ended
 
November 2, 2019
 
November 3, 2018
 
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
$
2

 
 
 
308.9

 
$
62

 
 
 
307.2

Shares to be issued under deferred
compensation and other plans
 
 
 
 
1.0

 
 
 
 
 
0.9

 
$
2

 
 
 
309.9

 
$
62

 
 
 
308.1

Basic earnings per share attributable to
Macy's, Inc. shareholders
 
 
$
0.01

 
 
 
 
 
$
0.20

 
 
Effect of dilutive securities:
 
 
 
 
 
 
 
 
 
 
 
Stock options and restricted stock units
 
 
 
 
1.1

 
 
 
 
 
4.1

 
$
2

 
 
 
311.0

 
$
62

 
 
 
312.2

Diluted earnings per share attributable to
Macy's, Inc. shareholders
 
 
$
0.01

 
 
 
 
 
$
0.20

 
 

 
39 Weeks Ended
 
November 2, 2019
 
November 3, 2018
 
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
$
224

 
 
 
308.7

 
$
368

 
 
 
306.6

Shares to be issued under deferred
compensation and other plans
 
 
 
 
0.9

 
 
 
 
 
0.9

 
$
224

 
 
 
309.6

 
$
368

 
 
 
307.5

Basic earnings per share attributable to
Macy's, Inc. shareholders
 
 
$
0.72

 
 
 
 
 
$
1.20

 
 
Effect of dilutive securities:
 
 
 
 
 
 
 
 
 
 
 
Stock options and restricted stock units
 
 
 
 
1.7

 
 
 
 
 
3.7

 
$
224

 
 
 
311.3

 
$
368

 
 
 
311.2

Diluted earnings per share attributable to
Macy's, Inc. shareholders
 
 
$
0.72

 
 
 
 
 
$
1.18

 
 


In addition to the stock options and restricted stock units reflected in the foregoing tables, stock options to purchase 19.4 million shares of common stock and restricted stock units relating to 1.9 million shares of common stock were outstanding at November 2, 2019, but were not included in the computation of diluted earnings per share because their inclusion would have been antidilutive or they were subject to performance conditions that had not been met.

In addition to the stock options and restricted stock units reflected in the foregoing tables, stock options to purchase 12.7 million shares of common stock and restricted stock units relating to 1.4 million shares of common stock were outstanding at November 3, 2018, but were not included in the computation of diluted earnings per share because their inclusion would have been antidilutive or they were subject to performance conditions that had not been met.