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Consolidated Statements of Earnings (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jul. 29, 2022
Jul. 30, 2021
Jul. 29, 2022
Jul. 30, 2021
Current Earnings        
Net sales $ 27,476 $ 27,570 $ 51,135 $ 51,993
Cost of sales 18,343 18,258 33,952 34,551
Gross margin 9,133 9,312 17,183 17,442
Expenses:        
Selling, general and administrative 4,455 4,693 8,758 9,187
Depreciation and amortization 449 409 894 800
Operating income 4,229 4,210 7,531 7,455
Interest – net 264 216 507 427
Pre-tax earnings 3,965 3,994 7,024 7,028
Income tax provision 973 976 1,699 1,688
Net earnings $ 2,992 $ 3,018 $ 5,325 $ 5,340
Weighted-average common shares outstanding - basic (in shares) 638 705 649 711
Basic earnings per common share (in dollars per share) $ 4.68 $ 4.27 $ 8.18 $ 7.48
Weighted-average common shares outstanding - diluted (in shares) 639 707 651 713
Diluted earnings per common share (in dollars per share) $ 4.67 $ 4.25 $ 8.16 $ 7.46
Current Earnings (Percentages)        
Net sales 100.00% 100.00% 100.00% 100.00%
Cost of sales 66.76% 66.22% 66.40% 66.45%
Gross margin 33.24% 33.78% 33.60% 33.55%
Expenses (Percentages):        
Selling, general and administrative 16.22% 17.02% 17.12% 17.67%
Depreciation and amortization 1.63% 1.49% 1.75% 1.54%
Operating income 15.39% 15.27% 14.73% 14.34%
Interest – net 0.96% 0.78% 0.99% 0.82%
Pre-tax earnings 14.43% 14.49% 13.74% 13.52%
Income tax provision 3.54% 3.54% 3.33% 3.25%
Net earnings 10.89% 10.95% 10.41% 10.27%