v2.3.0.15
Earnings Per Share
9 Months Ended
Oct. 29, 2011
Earnings Per Share 
Earnings Per Share

 

 

2. 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

 

Three Months Ended

 

Nine Months Ended

 

 

October 29,

 

October 30,

 

October 29,

 

October 30,

 

(millions, except per share data)

 

2011

 

2010

 

2011

 

2010

 

Net earnings

 

$

555

 

$

535

 

$

1,948

 

$

1,885

 

Basic weighted average common shares outstanding

 

673.2

 

715.4

 

682.2

 

728.8

 

Dilutive impact of share-based awards(a)

 

5.1

 

5.6

 

4.7

 

5.6

 

Diluted weighted average common shares outstanding

 

678.3

 

721.0

 

686.9

 

734.4

 

Basic earnings per share

 

$

0.82

 

$

0.75

 

$

2.85

 

$

2.59

 

Diluted earnings per share

 

$

0.82

 

$

0.74

 

$

2.84

 

$

2.57

 

(a) Excludes 13.9 million and 15.6 million share-based awards for the three and nine months ended October 29, 2011, respectively, and 10.7 million and 11.3 million share-based awards for the three and nine months ended October 30, 2010 because their effects were antidilutive.