Exhibit 11.1
THE HOME DEPOT, INC. AND SUBSIDIARIES
COMPUTATION OF BASIC AND DILUTED
EARNINGS PER SHARE
(In Millions, Except Per Share Data) |
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| Three Months Ended |
| Nine Months Ended |
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| October 28, |
| October 29, |
| October 28, |
| October 29, |
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| 2001 |
| 2000 |
| 2001 |
| 2000 |
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BASIC |
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Net Earnings Available to Common Shareholders |
| $ | 778 |
| $ | 650 |
| $ | 2,334 |
| $ | 2,116 |
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Weighted Average Number of Common Shares Outstanding |
| 2,337 |
| 2,317 |
| 2,332 |
| 2,313 |
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Basic Earnings Per Share |
| $ | 0.33 |
| $ | 0.28 |
| $ | 1.00 |
| $ | 0.91 |
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DILUTED |
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Net Earnings Available to Common Shareholders |
| $ | 778 |
| $ | 650 |
| $ | 2,334 |
| $ | 2,116 |
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Weighted Average Number of Common Shares Outstanding |
| 2,337 |
| 2,317 |
| 2,332 |
| 2,313 |
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Effect of Potentially Dilutive Securities: |
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Employee Stock Plans |
| 15 |
| 35 |
| 18 |
| 39 |
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Weighted Average Number of Common Shares Outstanding Assuming Dilution |
| 2,352 |
| 2,352 |
| 2,350 |
| 2,352 |
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Diluted Earnings Per Share |
| $ | 0.33 |
| $ | 0.28 |
| $ | 0.99 |
| $ | 0.90 |
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Employee stock plans represent options and shares granted under the Company’s employee stock purchase, stock option and deferred compensation stock plans.