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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Oct. 27, 2012
Oct. 29, 2011
Oct. 27, 2012
Oct. 29, 2011
Net sales $ 3,864 [1] $ 3,585 [1] $ 10,926 [1] $ 10,266 [1]
Cost of goods sold and occupancy expenses 2,271 2,271 6,531 6,397
Gross profit 1,593 1,314 4,395 3,869
Operating expenses 1,073 968 3,055 2,803
Operating income 520 346 1,340 1,066
Interest expense 22 22 67 50
Interest income (1) (1) (4) (3)
Income before income taxes 499 325 1,277 1,019
Income taxes 191 132 493 404
Net income $ 308 $ 193 $ 784 $ 615
Weighted-average number of shares - basic (in shares) 481 503 485 542
Weighted-average number of shares - diluted (in shares) 488 505 491 547
Earnings per share - basic (in dollars per share) $ 0.64 $ 0.38 $ 1.62 $ 1.13
Earnings per share - diluted (in dollars per share) $ 0.63 $ 0.38 $ 1.60 $ 1.12
Cash dividends declared and paid per share (in dollars per share) $ 0.125 $ 0.1125 $ 0.375 $ 0.3375
[1] Net sales outside of the U.S. and Canada (including Direct and franchise) were $564 million and $525 million for the thirteen weeks ended October 27, 2012 and October 29, 2011, respectively. Net sales outside of the U.S. and Canada (including Direct and franchise) were $1.6 billion and $1.5 billion for the thirty-nine weeks ended October 27, 2012 and October 29, 2011, respectively.