Quarterly report pursuant to Section 13 or 15(d)

Net Income Per Share

v3.21.1
Net Income Per Share
 3 Months Ended
May 01, 2021
Earnings Per Share [Abstract]  
Net Income Per Share Net Income Per Share
The following table sets forth the calculations of basic and diluted net income per share:
13 Weeks Ended
May 1, May 2,
(in millions, except per share data) 2021 2020
Basic net income per share:
Net income $ 374.5  $ 247.6 
Weighted average number of shares outstanding 233.2  236.9 
Basic net income per share $ 1.61  $ 1.05 
Diluted net income per share:
Net income $ 374.5  $ 247.6 
Weighted average number of shares outstanding 233.2  236.9 
Dilutive effect of stock options and restricted stock (as
   determined by applying the treasury stock method)		 1.2  0.5 
Weighted average number of shares and dilutive potential
   shares outstanding		 234.4  237.4 
Diluted net income per share $ 1.60  $ 1.04 
For the 13 weeks ended May 1, 2021 and May 2, 2020, substantially all of the stock options outstanding were included in the calculation of the weighted average number of shares and dilutive potential shares outstanding.