v2.4.0.6
Earnings per Share
 12 Months Ended
Jan. 28, 2012
Earnings per Share  
Earnings per Share

6. Earnings per Share

        Basic earnings per share (EPS) is calculated as net earnings divided by the weighted average number of common shares outstanding during the period. Diluted EPS includes the potentially dilutive impact of share-based awards outstanding at period end, consisting of the incremental shares assumed to be issued upon the exercise of stock options and the incremental shares assumed to be issued under performance share and restricted stock unit arrangements.

   
Earnings Per Share
(millions, except per share data)
   2011
   2010
   2009
  
   

Net earnings

   $ 2,929   $ 2,920   $ 2,488  

Basic weighted average common shares outstanding

     679.1     723.6     752.0  

Dilutive impact of share-based awards (a)

     4.8     5.8     2.8  
   

Diluted weighted average common shares outstanding

     683.9     729.4     754.8  
   

Basic earnings per share

   $ 4.31   $ 4.03   $ 3.31  

Diluted earnings per share

   $ 4.28   $ 4.00   $ 3.30  
   
(a)
Excludes 15.5 million, 10.9 million and 22.9 million share-based awards for 2011, 2010 and 2009, respectively, because their effects were antidilutive.