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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Nov. 02, 2019
Nov. 03, 2018
Nov. 02, 2019
Nov. 03, 2018
Net Sales $ 3,998 $ 4,089 $ 11,709 $ 11,957
Cost of goods sold and occupancy expenses 2,439 2,466 7,250 7,280
Gross profit 1,559 1,623 4,459 4,677
Operating Expenses 1,338 1,260 3,640 3,687
Operating income 221 363 819 990
Interest Expense 19 21 58 54
Interest income (7) (8) (21) (21)
Income before income taxes 209 350 782 957
Income taxes 69 84 247 230
Net income $ 140 $ 266 $ 535 $ 727
Weighted-average number of shares - basic (in shares) 375 384 377 387
Weighted-average number of shares - diluted (in shares) 376 387 379 390
Earnings per share - basic (in dollars per share) $ 0.37 $ 0.69 $ 1.42 $ 1.88
Earnings per share - diluted (in dollars per share) 0.37 0.69 1.41 1.86
Cash dividends declared and paid per share (in dollars per share) $ 0.2425 $ 0.2425 $ 0.7275 $ 0.7275