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Capital Stock and Earnings Per Share (Tables)

6 Months Ended

Aug. 03, 2024

Equity [Abstract]

Summary of Share Repurchases

The following table provides share repurchases, excluding applicable excise tax:

			Thirteen Weeks Ended						Twenty-Six Weeks Ended
In millions			August 3, 2024			July 29, 2023			August 3, 2024			July 29, 2023
Total number of shares repurchased and retired			5.1			6.7			10.4			13.2
Total cost(a)			$	559		$	550		$	1,068		$	1,050

(a) Prior year amounts are recast to conform with current year presentation and exclude applicable excise tax.

Schedule of Earnings Per Share

The following table presents the calculation of basic and diluted earnings per share:

			Thirteen Weeks Ended						Twenty-Six Weeks Ended
Amounts in millions, except per share amounts			August 3, 2024			July 29, 2023			August 3, 2024			July 29, 2023
Basic earnings per share:
Net income			$	1,099		$	989		$	2,169		$	1,880
Weighted average common shares outstanding for basic earnings per share calculation			1,130			1,148			1,131			1,151
Basic earnings per share			$	0.97		$	0.86		$	1.92		$	1.63
Diluted earnings per share:
Net income			$	1,099		$	989		$	2,169		$	1,880
Weighted average common shares outstanding for basic earnings per share calculation			1,130			1,148			1,131			1,151
Assumed exercise/vesting of stock options and awards			14			13			14			12
Weighted average common shares outstanding for diluted earnings per share calculation			1,144			1,161			1,145			1,163
Diluted earnings per share			$	0.96		$	0.85		$	1.89		$	1.62
Cash dividends declared per share			$	0.375		$	0.3325		$	0.75		$	0.665

X

- Definition

Tabular disclosure of accelerated share repurchase (ASR) programs. An ASR is a combination of transactions that permits an entity to purchase a targeted number of shares immediately with the final purchase price of those shares determined by an average market price over a fixed period of time. An accelerated share repurchase program is intended to combine the immediate share retirement benefits of a tender offer with the market impact and pricing benefits of a disciplined daily open market stock repurchase program. ASRs can be disclosed as part of stockholders' equity.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 30
-Name Accounting Standards Codification
-Section 25
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481138/505-30-25-5

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- References

No definition available.

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X

- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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