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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Oct. 31, 2015
Nov. 01, 2014
Oct. 31, 2015
Nov. 01, 2014
Net sales $ 4,427 $ 4,374 $ 12,817 $ 12,686
Cost of merchandise sold 2,784 2,746 7,990 7,908
Gross margin 1,643 1,628 4,827 4,778
Operating expenses:        
Selling, general and administrative 1,099 1,097 3,120 3,078
Depreciation and amortization 236 227 695 665
Operating income 308 304 1,012 1,035
Interest expense, net 81 85 248 255
Gains (Losses) on Extinguishment of Debt 38 0 169 0
Income before income taxes 189 219 595 780
Provision for income taxes 69 77 218 282
Net income $ 120 $ 142 $ 377 $ 498
Net income per share:        
Basic (in dollars per share) $ 0.63 $ 0.70 $ 1.93 $ 2.44
Diluted (in dollars per share) 0.63 0.70 1.92 2.43
Dividends declared and paid per share $ 0.45 $ 0.39 $ 1.35 $ 1.17