Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Income

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Consolidated Statements of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Feb. 02, 2013
Jan. 28, 2012
Jan. 29, 2011
Income Statement [Abstract]      
Net sales $ 27,686 $ 26,405 $ 25,003
Cost of sales (16,538) (15,738) (14,824)
Gross margin 11,148 10,667 10,179
Selling, general and administrative expenses (8,482) (8,281) (8,260)
Impairments, store closing costs and gain on sale of leases (5) 25 (25)
Operating income (loss) 2,661 2,411 1,894
Interest expense (425) (447) (513)
Premium on early retirement of debt (137) 0 (66)
Interest income 3 4 5
Income (loss) before income taxes 2,102 1,968 1,320
Federal, state and local income tax expense (767) (712) (473)
Net income $ 1,335 $ 1,256 $ 847
Basic earnings per share $ 3.29 $ 2.96 $ 2.00
Diluted earnings per share $ 3.24 $ 2.92 $ 1.98