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Quarterly Results (Unaudited) (Tables)
 12 Months Ended
Jan. 28, 2012
Quarterly Results

 

         
  1st Q   2nd Q   3rd Q   4th Q   Year
     (in millions, except per share amounts)
Sales
                                             
2011     1,452       1,275       1,394       1,502     $ 5,623  
2010     1,281       1,096       1,280       1,392     $ 5,049  
Gross margin(1)
                                             
2011     475       388       453       480     $ 1,796  
2010     393       305       388       430     $ 1,516  
Operating profit(2)
                                             
2011     150       59       106       122     $ 437  
2010     87       11       74       90     $ 262  
Net income
                                             
2011     94       37       66       81 (3)    $ 278  
2010     54       6       52       57(3),(4)     $ 169  
Basic earnings per share:
                                             
2011     0.61       0.24       0.43       0.53     $ 1.81  
2010     0.35       0.04       0.33       0.36     $ 1.08  
Diluted earnings per share:
                                             
2011     0.60       0.24       0.43       0.53     $ 1.80  
2010     0.34       0.04       0.33       0.36     $ 1.07  

(1) Gross margin represents sales less cost of sales.
(2) Operating profit represents income from continuing operations before income taxes, interest expense, net, and non-operating income.
(3) During the fourth quarters of 2011 and 2010, the Company recorded impairment charges of $5 million and $10 million, respectively, related to its CCS tradename.
(4) During the fourth quarter of 2010, a realized gain of $2 million was recorded related to the Reserve International Fund, a money-market investment.