v2.4.0.6
Earnings Per Share
 6 Months Ended
Jul. 28, 2012
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

 

Six Months Ended

 

 

 

July 28,

 

July 30,

 

July 28,

 

July 30,

 

(millions, except per share data)

 

2012

 

2011

 

2012

 

2011

 

Net earnings

 

$

 704

 

$

 704

 

$

 1,401

 

$

 1,393

 

Basic weighted average common shares outstanding

 

656.7

 

680.8

 

661.5

 

686.7

 

Dilutive impact of share-based awards(a)

 

6.2

 

4.3

 

6.1

 

4.5

 

Diluted weighted average common shares outstanding

 

662.9

 

685.1

 

667.6

 

691.2

 

Basic earnings per share

 

$

 1.07

 

$

 1.03

 

$

 2.12

 

$

 2.03

 

Diluted earnings per share

 

$

 1.06

 

$

 1.03

 

$

 2.10

 

$

 2.02

 

(a) Excludes 5.8 million and 8.7 million share-based awards for the three and six months ended July 28, 2012, respectively, and 18.5 million and 16.5 million share-based awards for the three and six months ended July 30, 2011, respectively, because their effects were antidilutive.