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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Apr. 30, 2016
May. 02, 2015
Net sales $ 3,438 $ 3,657
Cost of goods sold and occupancy expenses 2,229 2,275
Gross profit 1,209 1,382
Operating expenses 987 996
Operating income 222 386
Interest expense 19 5
Interest income (1) (1)
Income before income taxes 204 382
Income taxes 77 143
Net income $ 127 $ 239
Weighted-average number of shares - basic (in shares) 398 421
Weighted-average number of shares - diluted (in shares) 399 424
Earnings per share - basic (in dollars per share) $ 0.32 $ 0.57
Earnings per share - diluted (in dollars per share) 0.32 0.56
Cash dividends declared and paid per share (in dollars per share) $ 0.23 $ 0.23