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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jul. 31, 2021
Aug. 01, 2020
Jul. 31, 2021
Aug. 01, 2020
Net Sales $ 4,211 $ 3,275 $ 8,202 $ 5,382
Cost of goods sold and occupancy expenses 2,388 2,126 4,749 3,965
Gross profit 1,823 1,149 3,453 1,417
Operating Expenses 1,414 1,076 2,804 2,588
Operating income (loss) 409 73 649 (1,171)
Gain (Loss) on Extinguishment of Debt 0 58 0 58
Interest Expense 51 58 105 77
Interest income (1) (2) (2) (6)
Income (loss) before income taxes 359 (41) 546 (1,300)
Income taxes 101 21 122 (306)
Net income (loss) $ 258 $ (62) $ 424 $ (994)
Weighted-average number of shares - basic (in shares) 378 374 377 373
Weighted-average number of shares - diluted (in shares) 386 374 385 373
Earnings (loss) per share - basic (in dollars per share) $ 0.68 $ (0.17) $ 1.12 $ (2.66)
Earnings (loss) per share - diluted (in dollars per share) $ 0.67 $ (0.17) $ 1.10 $ (2.66)