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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Oct. 28, 2017
Oct. 29, 2016
Oct. 28, 2017
Oct. 29, 2016
Net sales $ 3,838 $ 3,798 $ 11,077 $ 11,087
Cost of goods sold and occupancy expenses 2,313 2,305 6,770 6,948
Gross profit 1,525 1,493 4,307 4,139
Operating expenses 1,147 1,104 3,224 3,249
Operating income 378 389 1,083 890
Interest expense 18 20 53 57
Interest income (4) (3) (11) (6)
Income before income taxes 364 372 1,041 839
Income taxes 135 168 398 383
Net income $ 229 $ 204 $ 643 $ 456
Weighted-average number of shares - basic (in shares) 391 399 395 398
Weighted-average number of shares - diluted (in shares) 393 400 397 400
Earnings per share - basic (in dollars per share) $ 0.59 $ 0.51 $ 1.63 $ 1.15
Earnings per share - diluted (in dollars per share) 0.58 0.51 1.62 1.14
Cash dividends declared and paid per share (in dollars per share) $ 0.23 $ 0.23 $ 0.69 $ 0.69