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EXHIBIT 11
COMPUTATION OF NET INCOME PER SHARE
IN ACCORDANCE WITH INTERPRETIVE RELEASE NO. 34-9083
(In thousands, except per-share amounts)
Three Months Six Months
Ended Ended
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Jan. 29, Jan. 30, Jan. 29, Jan. 30,
1995 1994 1995 1994
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(Unaudited)
PRIMARY EARNINGS PER SHARE
Actual weighted average common shares
outstanding for the period 268,546 253,702 264,841 252,704
Weighted average shares assuming exercise of
employee stock options using average
market price 10,076 11,354 9,301 11,764
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Shares used in per-share calculations 278,622 265,056 274,142 264,468
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Net income applicable to primary income per
share $ 53,485 $ 77,472 $152,255 $140,957
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Net income per share based on SEC
Interpretive Release No. 34-9083 $.19 $.29 $.56 $.53
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FULLY DILUTED EARNINGS PER SHARE
Actual weighted average common shares
outstanding for the period 268,546 253,702 264,841 252,704
Weighted average shares assuming exercise of
employee stock options using the greater of
ending or average market price 10,145 11,849 9,790 12,012
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Shares used in per-share calculations 278,691 265,551 274,631 264,716
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Net income applicable to fully diluted income
per share $ 53,485 $ 77,472 $152,255 $140,957
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Net income per share based on SEC Interpretive
Release No. 34-9083 $.19 $.29 $.55 $.53
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These calculations are submitted in accordance with Securities Exchange Act of
1934 Release No. 34-9083
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