Quarterly Results

12 Months Ended

Jan. 30, 2016

Quarterly Results [Abstract]

Quarterly Results (Unaudited)

24. Quarterly Results (Unaudited)

	1st  Q		2nd  Q		3rd Q  (3)		4th Q (4)		Year
	(in millions, except per share amounts)
Sales
2015		1,916		1,695		1,794		2,007	$	7,412
2014		1,868		1,641		1,731		1,911	$	7,151
Gross margin (1)
2015		670		553		607		675	$	2,505
2014		646		525		574		629	$	2,374
Operating profit (2)
2015		290		186		117		244	$	837
2014		254		144		187		220	$	805
Net income
2015		184		119		80		158	$	541
2014		162		92		120		146	$	520
Basic earnings per share:
2015		1.31		0.85		0.57		1.15	$	3.89
2014		1.12		0.63		0.84		1.03	$	3.61
Diluted earnings per share:
2015		1.29		0.84		0.57		1.14	$	3.84
2014		1.10		0.63		0.82		1.01	$	3.56

(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 2015, the Company recorded a pre-tax charge of $100 million, see Note 23, Legal Proceedings for further information.

(4)During the fourth quarter of 2015 impairment charges totaling $5 million were recorded, see Note 4, Litigation, Impairment and Other Charges for further information.