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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Apr. 29, 2017
Apr. 30, 2016
CONSOLIDATED STATEMENTS OF OPERATIONS [Abstract]    
Sales $ 2,001 $ 1,987
Cost of sales 1,321 1,291
Gross margin 680 696
Selling, general and administrative expenses 371 361
Depreciation and amortization 41 39 [1]
Income from operations 268 296
Interest expense, net
Other income [2] (1) (2)
Income before income taxes 269 298
Income tax expense 89 107
Net income $ 180 $ 191 [1]
Basic earnings per share $ 1.37 $ 1.40
Weighted-average shares outstanding 131.4 136.5
Diluted earnings per share $ 1.36 $ 1.39
Weighted-average shares outstanding, assuming dilution 132.6 137.8
[1] Amounts for the three months ended April 30, 2016 have been revised from previously reported amounts to reflect the adoption of new accounting standards in the first quarter of 2017. For additional information, see the Recently Adopted Accounting Pronouncements note.
[2] Other income includes non-operating items, such as lease termination gains, royalty income, insurance recoveries, and the changes in fair value, premiums paid, and realized gains associated with foreign currency option contracts.