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Quarterly Results (Tables)
12 Months Ended
Jan. 28, 2017
Quarterly Results [Abstract]  
Quarterly Results (Unaudited)



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



   

 

1st  Q

   

 

2nd  Q

 

 

3rd(3) (4)

 

 

4th Q (3)

 

Year



 

(in millions, except per share amounts)

Sales

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2016

 

 

1,987 

 

 

1,780 

 

 

1,886 

 

 

2,113 

 

$

7,766 

2015

 

 

1,916 

 

 

1,695 

 

 

1,794 

 

 

2,007 

 

$

7,412 

Gross margin (1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2016

 

 

696 

 

 

587 

 

 

640 

 

 

713 

 

$

2,636 

2015

 

 

670 

 

 

553 

 

 

607 

 

 

675 

 

$

2,505 

Operating profit (2)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2016

 

 

296 

 

 

198 

 

 

228 

 

 

278 

 

$

1,000 

2015

 

 

290 

 

 

186 

 

 

117 

 

 

244 

 

$

837 

Net income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2016

 

 

191 

 

 

127 

 

 

157 

 

 

189 

 

$

664 

2015

 

 

184 

 

 

119 

 

 

80 

 

 

158 

 

$

541 

Basic earnings per share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2016

 

 

1.40 

 

 

0.94 

 

 

1.18 

 

 

1.43 

 

$

4.95 

2015

 

 

1.31 

 

 

0.85 

 

 

0.57 

 

 

1.15 

 

$

3.89 

Diluted earnings per share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2016

 

 

1.39 

 

 

0.94 

 

 

1.17 

 

 

1.42 

 

$

4.91 

2015

 

 

1.29 

 

 

0.84 

 

 

0.57 

 

 

1.14 

 

$

3.84 



(1)

Gross margin represents sales less cost of sales.

(2)

Operating profit represents income before income taxes, interest expense, net, and non-operating income.

(3)

During the third quarter of 2016 and fourth quarter of 2015, the Company recorded impairment charges totaling $6 million and $5 million, respectively. See Note 3, Impairment and Litigation Charges for further information.

(4)

During the third quarter of 2015, the Company recorded a pre-tax charge of $100 million, see Note 22, Legal Proceedings for further information.