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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)
Years Ended
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July 26, July 28, July 30,
1997 1996 1995
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PRIMARY EARNINGS PER SHARE:
Actual weighted average common shares outstanding
for the period 660,438 638,680 607,757
Weighted average shares assuming exercise of
employees' stock options using average market price 28,881 27,906 22,954
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Shares used in per-share calculations 689,319 666,586 630,711
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Net income applicable to primary income per share $1,048,679 $ 913,324 $ 456,489
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Net income per share based on SEC Interpretive
Release No. 34-9083 $ 1.52 $ 1.37 $ 0.72
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(A) These calculations are submitted in accordance with
Securities Exchange Act of 1934 Release No. 34-9083.
COMPUTATION OF NET INCOME PER SHARE
IN ACCORDANCE WITH INTERPRETIVE RELEASE NO. 34-9083
(In thousands, except per-share amounts)
Years Ended
------------------------------------
July 26, July 28, July 30,
1997 1996 1995
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FULLY DILUTED EARNINGS PER SHARE:
Actual weighted average common shares outstanding
for the period 660,438 638,680 607,757
Weighted average shares assuming exercise of
employees' stock options using ending market price 34,360 30,058 27,214
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Shares used in per-share calculations 694,798 668,738 634,971
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Net income applicable to fully diluted income per share $1,048,679 $ 913,324 $ 456,489
========== ========== ==========
Net income per share based on SEC Interpretive
Release No. 34-9083 $ 1.51 $ 1.37 $ .72
========== ========== ==========
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(A) These calculations are submitted in accordance with Securities
Exchange Act of 1934 Release No. 34-9083.