Unaudited Quarterly Results for the Last Two Years |
Unaudited quarterly results for the last two years were as follows:
|
|
First
Quarter
|
|
|
Second
Quarter
|
|
|
Third
Quarter
|
|
|
Fourth
Quarter
|
|
|
|
(millions, except per share data)
|
|
2020:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net sales
|
|
$
|
3,017
|
|
|
$
|
3,559
|
|
|
$
|
3,990
|
|
|
$
|
6,780
|
|
Credit card revenues, net
|
|
|
131
|
|
|
|
168
|
|
|
|
195
|
|
|
|
258
|
|
Cost of sales
|
|
|
(2,501
|
)
|
|
|
(2,718
|
)
|
|
|
(2,569
|
)
|
|
|
(4,498
|
)
|
Selling, general and administrative expenses
|
|
|
(1,598
|
)
|
|
|
(1,398
|
)
|
|
|
(1,726
|
)
|
|
|
(2,045
|
)
|
Gains on sale of real estate
|
|
|
16
|
|
|
|
—
|
|
|
|
3
|
|
|
|
40
|
|
Restructuring, impairment, store closing and other costs
|
|
|
(3,184
|
)
|
|
|
(242
|
)
|
|
|
(20
|
)
|
|
|
(134
|
)
|
Benefit plan income, net
|
|
|
9
|
|
|
|
12
|
|
|
|
16
|
|
|
|
17
|
|
Settlement charges
|
|
|
—
|
|
|
|
(38
|
)
|
|
|
(26
|
)
|
|
|
(19
|
)
|
Net income (loss)
|
|
|
(3,581
|
)
|
|
|
(431
|
)
|
|
|
(91
|
)
|
|
|
160
|
|
Basic earnings (loss) per share
|
|
|
(11.53
|
)
|
|
|
(1.39
|
)
|
|
|
(0.29
|
)
|
|
|
0.51
|
|
Diluted earnings (loss) per share
|
|
|
(11.53
|
)
|
|
|
(1.39
|
)
|
|
|
(0.29
|
)
|
|
|
0.50
|
|
2019:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net sales
|
|
$
|
5,504
|
|
|
$
|
5,546
|
|
|
$
|
5,173
|
|
|
$
|
8,337
|
|
Credit card revenues, net
|
|
|
172
|
|
|
|
176
|
|
|
|
183
|
|
|
|
239
|
|
Cost of sales
|
|
|
(3,403
|
)
|
|
|
(3,395
|
)
|
|
|
(3,106
|
)
|
|
|
(5,266
|
)
|
Selling, general and administrative expenses
|
|
|
(2,112
|
)
|
|
|
(2,177
|
)
|
|
|
(2,202
|
)
|
|
|
(2,509
|
)
|
Gains on sale of real estate
|
|
|
43
|
|
|
|
7
|
|
|
|
17
|
|
|
|
95
|
|
Restructuring, impairment, store closing and other costs
|
|
|
(1
|
)
|
|
|
(2
|
)
|
|
|
(13
|
)
|
|
|
(337
|
)
|
Benefit plan income, net
|
|
|
7
|
|
|
|
8
|
|
|
|
8
|
|
|
|
8
|
|
Settlement charges
|
|
|
—
|
|
|
|
—
|
|
|
|
(12
|
)
|
|
|
(46
|
)
|
Net income
|
|
|
136
|
|
|
|
86
|
|
|
|
2
|
|
|
|
340
|
|
Basic earnings per share
|
|
|
0.44
|
|
|
|
0.28
|
|
|
|
0.01
|
|
|
|
1.10
|
|
Diluted earnings per share
|
|
|
0.44
|
|
|
|
0.28
|
|
|
|
0.01
|
|
|
|
1.09
|
|
|