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Quarterly Financial Data (Unaudited) | 12 Months Ended
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Jan. 28, 2023
Quarterly Financial Data [Abstract] |
Quarterly Financial Data (Unaudited) | Quarterly Financial Data (Unaudited) The following table provides summarized quarterly financial data for 2022:
| Fiscal Quarter Ended
| April 30, 2022 |  | July 30, 2022 |  | October 29, 2022 |  | January 28, 2023
| (in millions except per share data)
Net Sales | $ | 1,450 |  |  | $ | 1,618 |  |  | $ | 1,604 |  |  | $ | 2,889 |
Gross Profit | 669 |  |  | 660 |  |  | 678 |  |  | 1,250 |
Operating Income | 280 |  |  | 242 |  |  | 202 |  |  | 653 |
Income from Continuing Operations Before Income Taxes | 192 |  |  | 158 |  |  | 119 |  |  | 576 |
Net Income from Continuing Operations | 155 |  |  | 120 |  |  | 91 |  |  | 428 |
Income from Discontinued Operations, Net of Tax | — |  |  | — |  |  | — |  |  | 6 |
Net Income | $ | 155 |  |  | $ | 120 |  |  | $ | 91 |  |  | $ | 434 |
Net Income per Basic Share (a) |  |  |  |  |  |  |
Continuing Operations | $ | 0.65 |  |  | $ | 0.52 |  |  | $ | 0.40 |  |  | $ | 1.87 |
Discontinued Operations | — |  |  | — |  |  | — |  |  | 0.03 |
Total Net Income per Basic Share | $ | 0.65 |  |  | $ | 0.52 |  |  | $ | 0.40 |  |  | $ | 1.90 |
Net Income per Diluted Share (a) |  |  |  |  |  |  |
Continuing Operations | $ | 0.64 |  |  | $ | 0.52 |  |  | $ | 0.40 |  |  | $ | 1.86 |
Discontinued Operations | — |  |  | — |  |  | — |  |  | 0.03 |
Total Net Income per Diluted Share | $ | 0.64 |  |  | $ | 0.52 |  |  | $ | 0.40 |  |  | $ | 1.89 |
________________ (a)Due to changes in stock prices during the year and timing of issuances of shares, the cumulative total of quarterly net income per share amounts may not equal the net income per share for the year. 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 Profit | 742 |  |  | 828 |  |  | 839 |  |  | 1,446 |
Operating Income | 337 |  |  | 384 |  |  | 409 |  |  | 879 |
Income from Continuing Operations Before Income Taxes | 119 |  |  | 287 |  |  | 227 |  |  | 790 |
Net Income from Continuing Operations | 91 |  |  | 215 |  |  | 177 |  |  | 592 |
Net Income (Loss) from Discontinued Operations, Net of Tax | 186 |  |  | 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 Operations | 0.67 |  |  | 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 Operations | 0.66 |  |  | 0.57 |  |  | (0.33) |  |  | 0.01 |
Total Net Income per Diluted Share | $ | 0.97 |  |  | $ | 1.34 |  |  | $ | 0.33 |  |  | $ | 2.28 |
________________ (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 a 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 per share for the year.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI https://asc.fasb.org/topic&trid=2126967 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1B -URI https://asc.fasb.org/extlink&oid=126900988&loc=SL124452896-108306 + Details
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