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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jul. 30, 2016
Aug. 01, 2015
Jul. 30, 2016
Aug. 01, 2015
Net sales $ 3,851 $ 3,898 $ 7,289 $ 7,555
Cost of goods sold and occupancy expenses 2,414 2,440 4,643 4,715
Gross profit 1,437 1,458 2,646 2,840
Operating expenses 1,158 1,089 2,145 2,085
Operating income 279 369 501 755
Interest expense 18 17 37 22
Interest income (2) (1) (3) (2)
Income before income taxes 263 353 467 735
Income taxes 138 134 215 277
Net income $ 125 $ 219 $ 252 $ 458
Weighted-average number of shares - basic (in shares) 398 417 398 419
Weighted-average number of shares - diluted (in shares) 399 418 399 421
Earnings per share - basic (in dollars per share) $ 0.31 $ 0.53 $ 0.63 $ 1.09
Earnings per share - diluted (in dollars per share) 0.31 0.52 0.63 1.09
Cash dividends declared and paid per share (in dollars per share) $ 0.23 $ 0.23 $ 0.46 $ 0.46