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 6 Months Ended
Jul. 31, 2021
Aug. 01, 2020
Jul. 31, 2021
Aug. 01, 2020
Income Statement [Abstract]        
Net sales $ 5,647 $ 3,559 $ 10,353 $ 6,576
Credit card revenues, net 197 168 356 299
Cost of sales (3,353) (2,718) (6,242) (5,219)
Selling, general and administrative expenses (1,898) (1,398) (3,646) (2,995)
Gains on sale of real estate 6 0 12 16
Impairment, restructuring and other costs (2) (242) (21) (3,426)
Operating income (loss) 597 (631) 812 (4,749)
Benefit plan income, net 17 12 32 21
Settlement charges (81) (38) (81) (38)
Interest expense (80) (70) (159) (120)
Losses on early retirement of debt (3) 0 (14) 0
Financing costs 0 (3) 0 (3)
Interest income 0 1 0 3
Income (loss) before income taxes 450 (729) 590 (4,886)
Federal, state and local income tax benefit (expense) (105) 298 (142) 874
Net income (loss) $ 345 $ (431) $ 448 $ (4,012)
Basic earnings (loss) per share $ 1.11 $ (1.39) $ 1.44 $ (12.91)
Diluted earnings (loss) per share $ 1.08 $ (1.39) $ 1.41 $ (12.91)