Quarterly report pursuant to Section 13 or 15(d)

Net Income Per Share

v3.23.3
Net Income Per Share
 3 Months Ended
Oct. 28, 2023
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 39 Weeks Ended
(in millions, except per share data) October 28, 2023 October 29, 2022 October 28, 2023 October 29, 2022
Basic net income per share:
Net income $ 212.0  $ 266.9  $ 711.4  $ 1,163.2 
Weighted average number of shares outstanding 218.9  222.2  220.0  223.9 
Basic net income per share $ 0.97  $ 1.20  $ 3.23  $ 5.20 
Diluted net income per share:
Net income $ 212.0  $ 266.9  $ 711.4  $ 1,163.2 
Weighted average number of shares outstanding 218.9  222.2  220.0  223.9 
Dilutive impact of share-based awards (as determined by
   applying the treasury stock method)
 0.3  0.8  0.5  0.9 
Weighted average number of shares and dilutive potential
   shares outstanding		 219.2  223.0  220.5  224.8 
Diluted net income per share $ 0.97  $ 1.20  $ 3.23  $ 5.17 
Share-based awards of 3.0 million shares and 3.2 million shares were excluded from the calculation of diluted net income per share for the 13 and 39 weeks ended October 28, 2023, respectively, because their inclusion would be anti-dilutive. Share-based awards of 2.3 million shares and 3.0 million shares were excluded from the calculation of diluted net income per share for the 13 and 39 weeks ended October 29, 2022, respectively, because their inclusion would be anti-dilutive.