v2.4.0.6
Earnings Per Share
 9 Months Ended
Oct. 27, 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

 

Nine Months Ended

 

 

 

October 27,

 

October 29,

 

October 27,

 

October 29,

 

(millions, except per share data)

 

2012

 

2011

 

2012

 

2011

 

Net earnings

 

$

637

 

$

555

 

$

2,038

 

$

1,948

 

Basic weighted average common shares outstanding

 

654.8

 

673.2

 

659.3

 

682.2

 

Dilutive impact of share-based awards(a)

 

7.4

 

5.1

 

6.5

 

4.7

 

Diluted weighted average common shares outstanding

 

662.2

 

678.3

 

665.8

 

686.9

 

Basic earnings per share

 

$

0.97

 

$

0.82

 

$

3.09

 

$

2.85

 

Diluted earnings per share

 

$

0.96

 

$

0.82

 

$

3.06

 

$

2.84

 

 

(a) Excludes 0.6 million and 6.0 million share-based awards for the three and nine months ended October 27, 2012, respectively, and 13.9 million and 15.6 million share-based awards for the three and nine months ended October 29, 2011, respectively, because their effects were antidilutive.