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
Jan. 28, 2012
Jan. 29, 2011
Jan. 30, 2010
Income Statement [Abstract]      
Net sales $ 26,405 $ 25,003 $ 23,489
Cost of sales (15,738) (14,824) (13,973)
Gross margin 10,667 10,179 9,516
Selling, general and administrative expenses (8,281) (8,260) (8,062)
Gain on sale of properties, impairments, store closing costs and division consolidation costs 25 (25) (391)
Operating income (loss) 2,411 1,894 1,063
Interest expense (447) (579) (562)
Interest income 4 5 6
Income (loss) before income taxes 1,968 1,320 507
Federal, state and local income tax expense (712) (473) (178)
Net income (loss) $ 1,256 $ 847 $ 329
Basic earnings (loss) per share $ 2.96 $ 2.00 $ 0.78
Diluted earnings (loss) per share $ 2.92 $ 1.98 $ 0.78