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Quarterly Results (Unaudited) (Tables) | 12 Months Ended
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Feb. 01, 2014
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Results |
Quarterly Results | First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter |  | Total Year
(millions, except per share data) | 2013 |  | 2012 |  |  | 2013 |  | 2012 |  |  | 2013 |  | 2012 |  |  | 2013 |  | 2012 (a) |  |  | 2013 |  | 2012 (a) |
Sales | $ | 16,706 |  | $ | 16,537 |  |  | $ | 17,117 |  | $ | 16,451 |  |  | $ | 17,258 |  | $ | 16,601 |  |  | $ | 21,516 |  | $ | 22,370 |  |  | $ | 72,596 |  | $ | 71,960 |
Credit card revenues | — |  | 330 |  |  | — |  | 328 |  |  | — |  | 328 |  |  | — |  | 356 |  |  | — |  | 1,341 |
Total revenues | 16,706 |  | 16,867 |  |  | 17,117 |  | 16,779 |  |  | 17,258 |  | 16,929 |  |  | 21,516 |  | 22,726 |  |  | 72,596 |  | 73,301 |
Cost of sales | 11,563 |  | 11,541 |  |  | 11,745 |  | 11,297 |  |  | 12,133 |  | 11,569 |  |  | 15,719 |  | 16,160 |  |  | 51,160 |  | 50,568 |
Selling, general and administrative expenses | 3,590 |  | 3,392 |  |  | 3,698 |  | 3,588 |  |  | 3,853 |  | 3,704 |  |  | 4,235 |  | 4,229 |  |  | 15,375 |  | 14,914 |
Credit card expenses | — |  | 120 |  |  | — |  | 108 |  |  | — |  | 106 |  |  | — |  | 135 |  |  | — |  | 467 |
Depreciation and amortization | 536 |  | 529 |  |  | 542 |  | 531 |  |  | 569 |  | 542 |  |  | 576 |  | 539 |  |  | 2,223 |  | 2,142 |
Gain on receivables transaction | (391 | ) | — |  |  | — |  | — |  |  | — |  | (156 | ) |  | — |  | (5 | ) |  | (391 | ) | (161 | )
Earnings before interest expense and income taxes | 1,408 |  | 1,285 |  |  | 1,132 |  | 1,255 |  |  | 703 |  | 1,164 |  |  | 986 |  | 1,668 |  |  | 4,229 |  | 5,371 |
Net interest expense | 629 |  | 184 |  |  | 171 |  | 184 |  |  | 165 |  | 192 |  |  | 161 |  | 204 |  |  | 1,126 |  | 762 |
Earnings before income taxes | 779 |  | 1,101 |  |  | 961 |  | 1,071 |  |  | 538 |  | 972 |  |  | 825 |  | 1,464 |  |  | 3,103 |  | 4,609 |
Provision for income taxes | 281 |  | 404 |  |  | 350 |  | 367 |  |  | 197 |  | 335 |  |  | 305 |  | 503 |  |  | 1,132 |  | 1,610 |
Net earnings | $ | 498 |  | $ | 697 |  |  | $ | 611 |  | $ | 704 |  |  | $ | 341 |  | $ | 637 |  |  | $ | 520 |  | $ | 961 |  |  | $ | 1,971 |  | $ | 2,999 |
Basic earnings per share | $ | 0.78 |  | $ | 1.05 |  |  | $ | 0.96 |  | $ | 1.07 |  |  | $ | 0.54 |  | $ | 0.97 |  |  | $ | 0.82 |  | $ | 1.48 |  |  | $ | 3.10 |  | $ | 4.57 |
Diluted earnings per share | 0.77 |  | 1.04 |  |  | 0.95 |  | 1.06 |  |  | 0.54 |  | 0.96 |  |  | 0.81 |  | 1.47 |  |  | 3.07 |  | 4.52 |
Dividends declared per share | 0.36 |  | 0.30 |  |  | 0.43 |  | 0.36 |  |  | 0.43 |  | 0.36 |  |  | 0.43 |  | 0.36 |  |  | 1.65 |  | 1.38 |
Closing common stock price: |  |  |  |  |  |  |  |  |  |  |  |  |  |
High | 70.67 |  | 58.86 |  |  | 73.32 |  | 61.95 |  |  | 71.99 |  | 65.44 |  |  | 66.89 |  | 64.48 |  |  | 73.32 |  | 65.44 |
Low | 60.85 |  | 50.33 |  |  | 68.29 |  | 54.81 |  |  | 62.13 |  | 60.62 |  |  | 56.64 |  | 58.57 |  |  | 56.64 |  | 50.33 |
Note: Per share amounts are computed independently for each of the quarters presented. The sum of the quarters may not equal the total year amount due to the impact of changes in average quarterly shares outstanding and all other quarterly amounts may not equal the total year due to rounding.
(a) | The fourth quarter and total year 2013 consisted of 13 weeks and 52 weeks, respectively, compared with 14 weeks and 53 weeks in the comparable prior-year periods.
Summary of Sales by Product Category |
U.S. Sales by Product Category (a) | First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter |  | Total Year
| 2013 |  | 2012 |  |  | 2013 |  | 2012 |  |  | 2013 |  | 2012 |  |  | 2013 |  | 2012 |  |  | 2013 |  | 2012 |
Household essentials | 27 | % | 26 | % |  | 27 | % | 27 | % |  | 26 | % | 26 | % |  | 22 | % | 21 | % |  | 25 | % | 25 | %
Hardlines | 15 |  | 16 |  |  | 15 |  | 15 |  |  | 15 |  | 14 |  |  | 24 |  | 24 |  |  | 18 |  | 18 |
Apparel and accessories | 20 |  | 20 |  |  | 20 |  | 20 |  |  | 20 |  | 20 |  |  | 17 |  | 18 |  |  | 19 |  | 19 |
Food and pet supplies | 22 |  | 21 |  |  | 20 |  | 20 |  |  | 21 |  | 21 |  |  | 19 |  | 18 |  |  | 21 |  | 20 |
Home furnishings and décor | 16 |  | 17 |  |  | 18 |  | 18 |  |  | 18 |  | 19 |  |  | 18 |  | 19 |  |  | 17 |  | 18 |
Total | 100 | % | 100 | % |  | 100 | % | 100 | % |  | 100 | % | 100 | % |  | 100 | % | 100 | % |  | 100 | % | 100 | %
(a) | As a percentage of sales.

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