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Quarterly Results (Unaudited) (Tables) | 12 Months Ended
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Jan. 30, 2016
Quarterly Financial Information Disclosure [Abstract] |
Schedule of Quarterly Results | The table below summarizes quarterly results for 2015 and 2014:
Quarterly Results | First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter |  | Total Year
(millions, except per share data) | 2015 |  | 2014 |  |  | 2015 |  | 2014 |  |  | 2015 |  | 2014 |  |  | 2015 |  | 2014 |  |  | 2015 |  | 2014 |
Sales | $ | 17,119 |  | $ | 16,657 |  |  | $ | 17,427 |  | $ | 16,957 |  |  | $ | 17,613 |  | $ | 17,254 |  |  | $ | 21,626 |  | $ | 21,751 |  |  | $ | 73,785 |  | $ | 72,618 |
Cost of sales | 11,911 |  | 11,748 |  |  | 12,051 |  | 11,798 |  |  | 12,440 |  | 12,171 |  |  | 15,594 |  | 15,563 |  |  | 51,997 |  | 51,278 |
Gross margin | 5,208 |  | 4,909 |  |  | 5,376 |  | 5,159 |  |  | 5,173 |  | 5,083 |  |  | 6,032 |  | 6,188 |  |  | 21,788 |  | 21,340 |
Selling, general, and administrative expenses | 3,514 |  | 3,376 |  |  | 3,495 |  | 3,599 |  |  | 3,736 |  | 3,644 |  |  | 3,921 |  | 4,058 |  |  | 14,665 |  | 14,676 |
Depreciation and amortization | 540 |  | 511 |  |  | 551 |  | 537 |  |  | 561 |  | 535 |  |  | 562 |  | 545 |  |  | 2,213 |  | 2,129 |
Gain on sale | — |  | — |  |  | — |  | — |  |  | — |  | — |  |  | (620 | ) | — |  |  | (620 | ) | — |
Earnings before interest expense and income taxes | 1,154 |  | 1,022 |  |  | 1,330 |  | 1,023 |  |  | 876 |  | 904 |  |  | 2,169 |  | 1,585 |  |  | 5,530 |  | 4,535 |
Net interest expense | 155 |  | 152 |  |  | 148 |  | 433 |  |  | 151 |  | 146 |  |  | 152 |  | 151 |  |  | 607 |  | 882 |
Earnings from continuing operations before income taxes | 999 |  | 870 |  |  | 1,182 |  | 590 |  |  | 725 |  | 758 |  |  | 2,017 |  | 1,434 |  |  | 4,923 |  | 3,653 |
Provision for income taxes | 348 |  | 299 |  |  | 409 |  | 199 |  |  | 249 |  | 232 |  |  | 596 |  | 474 |  |  | 1,602 |  | 1,204 |
Net earnings from continuing operations | 651 |  | 571 |  |  | 773 |  | 391 |  |  | 476 |  | 526 |  |  | 1,421 |  | 960 |  |  | 3,321 |  | 2,449 |
Discontinued operations, net of tax | (16 | ) | (153 | ) |  | (20 | ) | (157 | ) |  | 73 |  | (174 | ) |  | 5 |  | (3,600 | ) |  | 42 |  | (4,085 | )
Net earnings/(loss) | $ | 635 |  | $ | 418 |  |  | $ | 753 |  | $ | 234 |  |  | $ | 549 |  | $ | 352 |  |  | $ | 1,426 |  | $ | (2,640 | ) |  | $ | 3,363 |  | $ | (1,636 | )
Basic earnings/(loss) per share |  |  |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations | $ | 1.02 |  | $ | 0.90 |  |  | $ | 1.21 |  | $ | 0.62 |  |  | $ | 0.76 |  | $ | 0.83 |  |  | $ | 2.33 |  | $ | 1.51 |  |  | $ | 5.29 |  | $ | 3.86 |
Discontinued operations | (0.03 | ) | (0.24 | ) |  | (0.03 | ) | (0.25 | ) |  | 0.12 |  | (0.28 | ) |  | 0.01 |  | (5.64 | ) |  | 0.07 |  | (6.44 | )
Net earnings/(loss) per share | $ | 0.99 |  | $ | 0.66 |  |  | $ | 1.18 |  | $ | 0.37 |  |  | $ | 0.88 |  | $ | 0.55 |  |  | $ | 2.33 |  | $ | (4.14 | ) |  | $ | 5.35 |  | $ | (2.58 | )
Diluted earnings/(loss) per share |  |  |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations | $ | 1.01 |  | $ | 0.89 |  |  | $ | 1.21 |  | $ | 0.61 |  |  | $ | 0.76 |  | $ | 0.82 |  |  | $ | 2.31 |  | $ | 1.49 |  |  | $ | 5.25 |  | $ | 3.83 |
Discontinued operations | (0.03 | ) | (0.24 | ) |  | (0.03 | ) | (0.25 | ) |  | 0.11 |  | (0.27 | ) |  | 0.01 |  | (5.59 | ) |  | 0.07 |  | (6.38 | )
Net earnings/(loss) per share | $ | 0.98 |  | $ | 0.66 |  |  | $ | 1.18 |  | $ | 0.37 |  |  | $ | 0.87 |  | $ | 0.55 |  |  | $ | 2.32 |  | $ | (4.10 | ) |  | $ | 5.31 |  | $ | (2.56 | )
Dividends declared per share | $ | 0.52 |  | $ | 0.43 |  |  | $ | 0.56 |  | $ | 0.52 |  |  | $ | 0.56 |  | $ | 0.52 |  |  | $ | 0.56 |  | $ | 0.52 |  |  | $ | 2.20 |  | $ | 1.99 |
Closing common stock price: |  |  |  |  |  |  |  |  |  |  |  |  |  |
High | 83.57 |  | 62.54 |  |  | 85.01 |  | 61.38 |  |  | 80.87 |  | 63.93 |  |  | 78.23 |  | 77.13 |  |  | 85.01 |  | 77.13 |
Low | 74.25 |  | 55.07 |  |  | 77.26 |  | 55.34 |  |  | 72.94 |  | 57.50 |  |  | 67.59 |  | 61.12 |  |  | 67.59 |  | 55.07 |
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.
Summary of Sales by Product Category |
U.S. Sales by Product Category (a) | First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter |  | Total Year
| 2015 |  | 2014 |  |  | 2015 |  | 2014 |  |  | 2015 |  | 2014 |  |  | 2015 |  | 2014 |  |  | 2015 |  | 2014 |
Household essentials | 28 | % | 27 | % |  | 28 | % | 28 | % |  | 28 | % | 27 | % |  | 21 | % | 22 | % |  | 26 | % | 25 | %
Hardlines | 14 |  | 15 |  |  | 14 |  | 15 |  |  | 13 |  | 15 |  |  | 24 |  | 24 |  |  | 17 |  | 18 |
Apparel and accessories | 20 |  | 19 |  |  | 21 |  | 20 |  |  | 19 |  | 19 |  |  | 18 |  | 17 |  |  | 19 |  | 19 |
Food and pet supplies | 22 |  | 23 |  |  | 20 |  | 20 |  |  | 22 |  | 21 |  |  | 19 |  | 19 |  |  | 21 |  | 21 |
Home furnishings and décor | 16 |  | 16 |  |  | 17 |  | 17 |  |  | 18 |  | 18 |  |  | 18 |  | 18 |  |  | 17 |  | 17 |
Total | 100 | % | 100 | % |  | 100 | % | 100 | % |  | 100 | % | 100 | % |  | 100 | % | 100 | % |  | 100 | % | 100 | %
Supplemental information |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pharmacy (b) | 6 | % | 6 | % |  | 6 | % | 6 | % |  | 6 | % | 6 | % |  | 3 | % | 5 | % |  | 5 | % | 6 | %
(a) | As a percentage of sales.
(b) | Included in household essentials.

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