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Quarterly Financial Data (Unaudited)
 12 Months Ended
Jan. 29, 2022
Quarterly Financial Data [Abstract]  
Quarterly Financial Data (Unaudited) Quarterly Financial Data (Unaudited)
The following table provides summarized quarterly financial data for 2021:
 Fiscal Quarter Ended
 
May 1, 2021 (a)
July 31, 2021
October 30, 2021 (b)
January 29, 2022 (c)
 (in millions except per share data)
Net Sales$1,470 $1,704 $1,681 $3,027 
Gross Profit742 828 839 1,446 
Operating Income337 384 409 879 
Income from Continuing Operations Before Income Taxes119 287 227 790 
Net Income from Continuing Operations91 215 177 592 
Income (Loss) from Discontinued Operations, Net of Tax186 159 (89)2 
Net Income$277 $374 $88 $594 
Net Income (Loss) per Basic Share (d)
Continuing Operations$0.32 $0.78 $0.67 $2.31 
Discontinued Operations0.67 0.58 (0.34)0.01 
Total Net Income per Basic Share$0.99 $1.36 $0.33 $2.31 
Net Income (Loss) per Diluted Share (d)
Continuing Operations$0.32 $0.77 $0.66 $2.27 
Discontinued Operations0.66 0.57 (0.33)0.01 
Total Net Income per Diluted Share$0.97 $1.34 $0.33 $2.28 
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(a)Net Income from Continuing Operations includes the effect of a $105 million pre-tax loss ($80 million after-tax) associated with the early extinguishment of outstanding notes.
(b)Net Income from Continuing Operations includes the effect of an $89 million pre-tax loss ($68 million after-tax) associated with the early extinguishment of outstanding notes.
(c)Operating Income includes the effect of pre-tax loss related to the write-off of inventory that was destroyed by a tornado at a vendor’s factory of $9 million ($7 million after-tax).
(d)Due to changes in stock prices during the year and timing of issuances of shares, the cumulative total of quarterly net income (loss) per share amounts may not equal the net income (loss) per share for the year.
The following table provides summarized quarterly financial data for 2020:
 Fiscal Quarter Ended
 
May 2, 2020 (a)
August 1, 2020 (b)
October 31, 2020 (c)
January 30, 2021
 (in millions except per share data)
Net Sales$760 $1,253 $1,702 $2,719 
Gross Profit268 559 863 1,407 
Operating Income36 263 436 870 
Income (Loss) from Continuing Operations Before Income Taxes(54)160 265 751 
Net Income (Loss) from Continuing Operations— 112 196 557 
Net Income (Loss) from Discontinued Operations, Net of Tax(297)(161)135 302 
Net Income (Loss)$(297)$(49)$331 $859 
Net Income (Loss) per Basic Share (d)
Continuing Operations$— $0.40 $0.70 $2.00 
Discontinued Operations(1.07)(0.58)0.48 1.09 
Total Net Income (Loss) per Basic Share$(1.07)$(0.18)$1.19 $3.08 
Net Income (Loss) per Diluted Share (d)(e)
Continuing Operations$— $0.40 $0.69 $1.96 
Discontinued Operations(1.07)(0.58)0.48 1.07 
Total Net Income (Loss) per Diluted Share$(1.07)$(0.18)$1.17 $3.03 
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(a)Net Income (Loss) from Continuing Operations includes the effect of a $50 million income tax benefit related to the resolution of certain tax matters.
(b)Operating Income includes the effect of pre-tax severance and related charges of $30 million ($24 million after-tax).
(c)Net Income from Continuing Operations includes the effect of a $53 million pre-tax loss ($40 million after-tax) associated with the early extinguishment of outstanding notes.
(d)Due to changes in stock prices during the year and timing of issuances of shares, the cumulative total of quarterly net income (loss) per share amounts may not equal the net income (loss) per share for the year.
(e)The cumulative total of quarterly net income (loss) per diluted share amounts does not equal the net income (loss) per diluted share for the year due to the net loss from continuing operations in the first quarter.