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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
-----------------------------------------
July 30, July 31, July 25,
1995 1994 1993
------------ ------------ -------------
PRIMARY EARNINGS PER SHARE:
Actual weighted average common shares outstanding
for the period 267,679 254,787 244,436
Weighted average shares assuming exercise of
employees' stock options using average market price 9,619 10,264 13,697
------------ ------------ -------------
Shares used in per-share calculations 277,298 265,051 258,133
============ ============ =============
Net income applicable to primary income per share $ 421,008 $ 314,867 $ 171,955
============ ============ =============
Net income per share based on SEC Interpretive
Release No. 34-9083 $ 1.52 $ 1.19 $ .67
============ ============ =============
- -----------
(A) These calculations are submitted in accordance with Securities Exchange
Act of 1934 Release No. 34-9083.
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EXHIBIT 11.01
(CONTINUED)
COMPUTATION OF NET INCOME PER SHARE
IN ACCORDANCE WITH INTERPRETIVE RELEASE NO. 34-9083
(In thousands, except per-share amounts)
Years Ended
-----------------------------------------
July 30, July 31, July 25,
1995 1994 1993
------------ ------------ -------------
FULLY DILUTED EARNINGS PER SHARE:
Actual weighted average common shares outstanding
for the period 267,679 254,787 244,436
Weighted average shares assuming exercise of
employees' stock options using ending market price 11,744 10,388 13,989
------------ ------------ -------------
Shares used in per-share calculations 279,423 265,175 258,425
============ ============ =============
Net income applicable to fully diluted income per share $ 421,008 $ 314,867 $ 171,955
============ ============ =============
Net income per share based on SEC Interpretive
Release No. 34-9083 $ 1.51 $ 1.19 $ .66
============ ============ =============
- -----------
(A) These calculations are submitted in accordance with Securities Exchange
Act of 1934 Release No. 34-9083.
47