Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations

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Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended
May 01, 2021
May 02, 2020
Income Statement [Abstract]    
Net sales $ 4,706 $ 3,017
Credit card revenues, net 159 131
Cost of sales (2,889) (2,501)
Selling, general and administrative expenses (1,748) (1,598)
Gains on sale of real estate 6 16
Impairment, restructuring and other costs (19) (3,184)
Operating income (loss) 215 (4,119)
Benefit plan income, net 15 9
Interest expense (79) (49)
Losses on early retirement of debt (11) 0
Interest income 0 2
Income (loss) before income taxes 140 (4,157)
Federal, state and local income tax benefit (expense) (37) 576
Net income (loss) $ 103 $ (3,581)
Basic earnings (loss) per share $ 0.33 $ (11.53)
Diluted earnings (loss) per share $ 0.32 $ (11.53)