1 EXHIBIT 11 COMPUTATION OF NET INCOME PER SHARE IN ACCORDANCE WITH INTERPRETIVE RELEASE NO. 34-9083 (In thousands, except per-share amounts) Three Months Nine Months Ended Ended ---------------------- ----------------------- Apr 30, May 1, Apr 30, May 1, 1995 1994 1995 1994 ------- ------ ------- -------- PRIMARY EARNINGS PER SHARE (Unaudited) Actual weighted average common shares outstanding for the period 269,590 256,295 266,424 253,901 Weighted average shares assuming exercise of employee stock options using average market price 9,282 9,831 9,295 11,119 -------- -------- -------- -------- Shares used in per-share calculations 278,872 266,126 275,719 265,020 ======== ======== ======== ======== Net income applicable to primary income per share $125,030 $ 84,344 $277,285 $225,301 ======== ======== ======== ======== Net income per share based on SEC Interpretive $ .45 $ .32 $ 1.01 $ .85 Release No. 34-9083 ======== ======== ======== ======== FULLY DILUTED EARNINGS PER SHARE Actual weighted average common shares outstanding for the period 269,590 256,295 266,424 253,901 Weighted average shares assuming exercise of employee stock options using the greater of ending or average market price 9,841 9,831 9,807 11,284 -------- -------- -------- -------- Shares used in per-share calculations 279,431 266,126 276,231 265,185 ======== ======== ======== ======== Net income applicable to fully diluted income per share $125,030 $ 84,344 $277,285 $225,301 ======== ======== ======== ======== Net income per share based on SEC Interpretive Release No. 34-9083 $ .45 $ .32 $ 1.00 $ .85 ======== ======== ======== ======== These calculations are submitted in accordance with Securities Exchange Act of 1934 Release No. 34-9083 14