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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Jan. 28, 2017
Jan. 30, 2016
Jan. 31, 2015
Net sales $ 15,516 $ 15,797 $ 16,435
Cost of goods sold and occupancy expenses 9,876 10,077 10,146
Gross profit 5,640 5,720 6,289
Operating expenses 4,449 4,196 4,206
Operating income 1,191 1,524 2,083
Interest expense 75 59 75
Interest income (8) (6) (5)
Income before income taxes 1,124 1,471 2,013
Income taxes 448 551 751
Net income $ 676 $ 920 $ 1,262
Weighted-average number of shares—basic (in shares) 399 411 435
Weighted-average number of shares - diluted (in shares) 400 413 440
Earnings per share - basic (in dollars per share) $ 1.69 $ 2.24 $ 2.90
Earnings per share - diluted (in dollars per share) $ 1.69 $ 2.23 $ 2.87