Restatement (Tables)

6 Months Ended

Jul. 30, 2011

Restatement

Schedule Of Condensed Consolidated Balance Sheets

	July 31, 2010
	Previously Reported  (1)		Adjustments			Restated
	(In Millions)
Assets
Current assets:
Cash and cash equivalents	$	2,518	$	—		$	2,518
Merchandise inventories		2,930		—			2,930
Deferred income taxes		95		—			95
Other		227		—			227
Total current assets		5,770		—			5,770
Property and equipment, net		7,310		1,482			8,792
Long-term investments		298		—			298
Other assets		328		(177	)		151
Total assets	$	13,706	$	1,305		$	15,011
Liabilities and Shareholders' Equity
Current liabilities:
Accounts payable	$	1,345	$	—		$	1,345
Accrued liabilities		994		9			1,003
Income taxes payable		35		—			35
Current portion of long-term debt		300		—			300
Current portion of capital lease and financing obligations		19		66			85
Total current liabilities		2,693		75			2,768
Long-term debt		1,594		—			1,594
Capital lease and financing obligations		172		1,823			1,995
Deferred income taxes		365		(171	)		194
Other long-term liabilities		505		(154	)		351
Shareholders' equity		8,377		(268	)		8,109
Total liabilities and shareholders' equity	$	13,706	$	1,305		$	15,011

(1) Includes certain reclassifications to conform to the current period presentation.

Schedule Of Condensed Consolidated Statements Of Income

	Three Months (13 Weeks) Ended July 31, 2010
	Previously Reported		Adjustments			Restated
	(In Millions, Except per Share Data)
Sales	$	4,100	$	—		$	4,100
Cost of merchandise sold		2,449		—			2,449
Gross margin		1,651		—			1,651
Operating expenses:
Selling, general, & administrative		1,049		(66	)		983
Depreciation and amortization		153		27			180
Operating income		449		39			488
Interest expense, net		31		47			78
Income before income taxes		418		(8	)		410
Provision for income taxes		158		(3	)		155
Net income	$	260	$	(5	)	$	255
Net income per share:
Basic	$	0.84	$	(0.01	)	$	0.83
Diluted	$	0.84	$	(0.01	)	$	0.83
	Six Months (26 Weeks) Ended July 31, 2010
	Previously Reported		Adjustments			Restated
	(In Millions, Except per Share Data)
Sales	$	8,135	$	—		$	8,135
Cost of merchandise sold		4,948		—			4,948
Gross margin		3,187		—			3,187
Operating expenses:
Selling, general, & administrative		2,083		(126	)		1,957
Depreciation and amortization		304		51			355
Operating income		800		75			875
Interest expense, net		62		92			154
Income before income taxes		738		(17	)		721
Provision for income taxes		279		(7	)		272
Net income	$	459	$	(10	)	$	449
Net income per share:
Basic	$	1.49	$	(0.02	)	$	1.47
Diluted	$	1.48	$	(0.02	)	$	1.46

Schedule Of Condensed Consolidated Statements Of Cash Flows

	Six Months (26 Weeks) Ended July 31, 2010
	Previously Reported  (1)			Adjustments			Restated
	(In Millions)
Operating activities
Net income	$	459		$	(10	)	$	449
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		304			51			355
Share-based compensation		32			—			32
Excess tax benefits from share-based compensation		2			—			2
Deferred income taxes		(33	)		(8	)		(41	)
Other non-cash revenues and expenses		20			(3	)		17
Changes in operating assets and liabilities:
Merchandise inventories		(5	)		—			(5	)
Other current and long-term assets		(6	)		—			(6	)
Accounts payable		158			—			158
Accrued and other long-term liabilities		(154	)		6			(148	)
Income taxes		(149	)		—			(149	)
Net cash provided by operating activities		628			36			664
Investing activities
Acquisition of property and equipment		(421	)		(18	)		(439	)
Sales of investments in auction rate securities		20			—			20
Other		2			—			2
Net cash used in investing activities		(399	)		(18	)		(417	)
Financing activities
Treasury stock purchases		(3	)		—			(3	)
Capital lease and financing obligation payments		(9	)		(35	)		(44	)
Proceeds from financing obligations		—			17			17
Proceeds from stock option exercises		36			—			36
Excess tax benefits from share-based compensation		(2	)		—			(2	)
Net cash (used in) provided by financing activities		22			(18	)		4
Net (decrease) increase in cash and cash equivalents		251			—			251
Cash and cash equivalents at beginning of period		2,267			—			2,267
Cash and cash equivalents at end of period	$	2,518		$	—		$	2,518

(1) Includes certain reclassifications to conform to the current period presentation.