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Quarterly Information
 12 Months Ended
Feb. 02, 2019
Quarterly Financial Data [Abstract]  
Quarterly Financial Information [Text Block]
Quarterly Information (Unaudited)
Selected quarterly and annual operating results are as follows:
 
 
13 Weeks Ended
 
13 Weeks Ended
 
13 Weeks Ended
 
13 Weeks Ended
 
52 Weeks Ended
($ in millions except per share amounts)
 
May 5,
2018
 
August 4,
2018
 
November 3,
2018
 
February 2,
2019
 
February 2, 2019
(fiscal 2018)
Net sales (4)
 
$
3,783

 
$
4,085

 
$
4,089

 
$
4,623

 
$
16,580

Gross profit
 
$
1,427

 
$
1,627

 
$
1,623

 
$
1,645

 
$
6,322

Net income
 
$
164

 
$
297

 
$
266

 
$
276

 
$
1,003

Earnings per share—basic (1)
 
$
0.42

 
$
0.77

 
$
0.69

 
$
0.72

 
$
2.61

Earnings per share—diluted (1)
 
$
0.42

 
$
0.76

 
$
0.69

 
$
0.72

 
$
2.59

 
 
 
 
 
 
 
 
 
 
 
 
 
13 Weeks Ended
 
13 Weeks Ended (2)
 
13 Weeks Ended
 
14 Weeks Ended (3)
 
53 Weeks Ended (2) (3)
($ in millions except per share amounts)
 
April 29,
2017
 
July 29,
2017
 
October 28,
2017
 
February 3,
2018
 
February 3, 2018
(fiscal 2017)
Net sales (4)
 
$
3,440

 
$
3,799

 
$
3,838

 
$
4,778

 
$
15,855

Gross profit
 
$
1,303

 
$
1,479

 
$
1,525

 
$
1,759

 
$
6,066

Net income
 
$
143

 
$
271

 
$
229

 
$
205

 
$
848

Earnings per share—basic (1)
 
$
0.36

 
$
0.69

 
$
0.59

 
$
0.53

 
$
2.16

Earnings per share—diluted (1)
 
$
0.36

 
$
0.68

 
$
0.58

 
$
0.52

 
$
2.14


__________
(1)
Earnings per share ("EPS") was computed individually for each of the periods presented; therefore, the sum of the EPS for the quarters may not equal the total for the year.
(2)
During the second quarter of fiscal 2017, the Company recorded a $64 million gain from insurance proceeds related to the Fishkill fire. The impact of the gain from insurance proceeds to diluted EPS was $0.10.
(3)
During the fourth quarter of fiscal 2017, the company recognized a net provisional tax impact of approximately $34 million, which represents the provisional tax impact of federal tax reform of $57 million, net of a related $23 million benefit related to legal entity structuring that was also impacted by tax reform. The impact of the net provisional tax impact of federal tax reform was about $0.09 to diluted EPS for the fourth quarter and full year of fiscal 2017.
(4)
Net sales reflect the adoption of the new revenue recognition standard in fiscal 2018 and the favorable impact of the calendar shift due to the 53rd week in fiscal 2017. Prior period amounts have not been restated and continue to be reported under accounting standards in effect for those periods.