Segment Reporting

12 Months Ended

Feb. 01, 2025

Segment Reporting [Abstract]

Segment Reporting

Segment Reporting

Our Chief Operating Decision Maker—our Chief Executive Officer—monitors our consolidated operating income and net earnings to evaluate performance and make operating decisions. We operate as a single segment that includes all of our operations, which are designed to enable guests to purchase products seamlessly in stores or through our digital channels. Virtually all of our consolidated revenues are generated in the United States. The vast majority of our properties and equipment are located within the United States.

Business Segment Results
(millions)	2024		2023		2022
Net sales	$	106,566	$	107,412	$	109,120
Cost of sales
Merchandising cost of sales (a)	68,884		70,652		74,436
Supply chain and digital fulfillment costs (a)	7,618		7,176		7,870
Total cost of sales	76,502		77,828		82,306
Selling, general and administrative expenses	21,969		21,462		20,581
Depreciation and amortization (exclusive of depreciation included in cost of sales)	2,529		2,415		2,385
Operating income	$	5,566	$	5,707	$	3,848
Net interest expense	411		502		478
Net other income	(106)		(92)		(48)
Earnings before income taxes	5,261		5,297		3,418
Provision for income taxes	1,170		1,159		638
Net earnings	$	4,091	$	4,138	$	2,780

(a)Note 3 provides a description of Merchandising Cost of Sales and Supply Chain and Digital Fulfillment Costs.