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Quarterly Financial Information (Unaudited) (Tables)
 12 Months Ended
Feb. 01, 2020
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Data

 

 

 

 

2019

 

 

(Dollars and Shares in Millions, Except per Share Data)

 

First

 

 

 

 

Second

 

 

Third

 

 

Fourth

 

 

Total revenue

$

4,087

 

$

4,430

 

$

4,625

 

$

6,832

 

 

Cost of merchandise sold

$

2,415

 

$

2,550

 

$

2,775

 

$

4,400

 

 

Selling, general and administrative expenses

$

1,275

 

$

1,269

 

$

1,419

 

$

1,742

 

 

(Gain) loss on extinguishment of debt

 

 

—

 

 

 

 

 

—

 

$

(9

)

 

 

—

 

 

Impairments, store closing and other costs

$

49

 

$

7

 

 

 

—

 

$

57

 

 

Net income

$

62

 

$

241

 

$

123

 

$

265

 

 

Basic shares

 

 

161

 

 

 

 

 

159

 

 

 

156

 

 

 

154

 

 

Basic net income per share

$

0.38

 

$

1.52

 

$

0.79

 

$

1.72

 

 

Diluted shares

 

 

162

 

 

 

 

 

159

 

 

 

157

 

 

 

154

 

 

Diluted net income per share

$

0.38

 

$

1.51

 

$

0.78

 

$

1.72

 

 

 

 

 

2018

 

 

(Dollars and Shares in Millions, Except per Share Data)

 

First

 

 

Second

 

 

Third

 

 

Fourth

 

 

Total revenue

$

4,208

 

$

4,570

 

$

4,628

 

$

6,823

 

 

Cost of merchandise sold

$

2,496

 

$

2,605

 

$

2,752

 

$

4,345

 

 

Selling, general and administrative expenses

$

1,259

 

$

1,272

 

$

1,375

 

$

1,694

 

 

(Gain) loss on extinguishment of debt

$

42

 

 

 

—

 

 

 

—

 

$

21

 

 

Impairments, store closing and other costs

 

 

—

 

 

 

—

 

 

 

—

 

$

104

 

 

Net income

$

75

 

$

292

 

$

161

 

$

272

 

 

Basic shares

 

 

165

 

 

 

165

 

 

 

164

 

 

 

162

 

 

Basic net income per share

$

0.46

 

$

1.77

 

$

0.98

 

$

1.68

 

 

Diluted shares

 

 

167

 

 

 

166

 

 

 

165

 

 

 

163

 

 

Diluted net income per share

$

0.45

 

$

1.76

 

$

0.98

 

$

1.67