Kroger 2015 Annual Report Download - page 132

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A-58
Minimum annual rentals and payments under capital leases and lease-financed transactions for the
five years subsequent to 2015 and in the aggregate are:
Capital
Leases
Operating
Leases
Lease-
Financed
Transactions
2016 $103 $ 967 $ 7
2017 72 922 7
2018 62 853 8
2019 57 774 8
2020 52 674 9
Thereafter 527 4,199 63
Total
$873 $8,389 $102
Less estimated executory costs included in capital leases —
Net minimum lease payments under capital leases 873
Less amount representing interest 293
Present value of net minimum lease payments under
capital leases $580
Total future minimum rentals under noncancellable subleases at January 30, 2016 were $261.
11. E ARNINGS PER COMMON SHARE
Net earnings attributable to The Kroger Co. per basic common share equals net earnings
attributable to The Kroger Co. less income allocated to participating securities divided by the weighted
average number of common shares outstanding. Net earnings attributable to The Kroger Co. per diluted
common share equals net earnings attributable to The Kroger Co. less income allocated to participating
securities divided by the weighted average number of common shares outstanding, after giving effect
to dilutive stock options. The following table provides a reconciliation of net earnings attributable to The
Kroger Co. and shares used in calculating net earnings attributable to The Kroger Co. per basic common
share to those used in calculating net earnings attributable to The Kroger Co. per diluted common share:
For the year ended
January 30, 2016
For the year ended
January 31, 2015
For the year ended
February 1, 2014
(in millions, except
per share amounts)
Earnings
(Numer-
ator)
Shares
(Denomi-
nator)
Per
Share
Amount
Earnings
(Numer-
ator)
Shares
(Denomi-
nator)
Per
Share
Amount
Earnings
(Numer-
ator)
Shares
(Denomi-
nator)
Per
Share
Amount
Net earnings
attributable to The
Kroger Co. per basic
common share $2,021 966 $2.09 $ 1,711 981 $1.74 $1,507 1,028 $1.47
Dilutive effect of
stock options 14 12 12
Net earnings
attributable to
The Kroger Co.
per diluted
common share $2,021 980 $2.06 $ 1,711 993 $1.72 $1,507 1,040 $1.45
The Company had combined undistributed and distributed earnings to participating securities
totaling $18, $17 and $12 in 2015, 2014 and 2013, respectively.