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EXHIBIT 11.01
COMPUTATION OF NET INCOME PER SHARE
IN ACCORDANCE WITH INTERPRETIVE RELEASE NO. 34-9083
(In thousands, except per-share amounts)
Three Months
Ended
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Oct. 26, Oct 29,
1996 1995
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PRIMARY EARNINGS PER SHARE:
Actual weighted average common shares
outstanding for the period 652,120 630,518
Weighted average shares assuming exercise of
employees' stock options using average market
price 30,798 21,656
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Shares used in per-share calculations 682,918 652,174
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Net income applicable to primary income
per share $180,942 $181,387
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Net income per share based on SEC Interpretive
Release No. 34-9083 $ 0.26 $ 0.28
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FULLY DILUTED EARNINGS PER SHARE:
Actual weighted average common shares
outstanding for the period 652,120 630,518
Weighted average shares assuming exercise of
employees' stock options using ending market
price 30,973 23,439
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Shares used in per-share calculations 683,093 653,957
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Net income applicable to fully diluted income
per share $180,942 $181,387
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Net income per share based on SEC Interpretive
Release No. 34-9083 $ 0.26 $ 0.28
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(A) These calculations are submitted in accordance with Securities
Exchange Act of 1934 Release No. 34-9083.
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