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Consolidated Statements of Current and Retained Earnings (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
May 03, 2019
May 04, 2018
Current Earnings    
Net sales $ 17,741 $ 17,360
Cost of sales 12,160 11,612
Gross margin 5,581 5,748
Expenses:    
Selling, general and administrative 3,862 3,934
Depreciation and amortization 302 349
Operating income 1,417 1,465
Interest - net 162 160
Pre-tax earnings 1,255 1,305
Income tax provision 209 317
Net earnings $ 1,046 $ 988
Weighted-average common shares outstanding - basic (in shares) 796 825
Basic earnings per common share (in dollars per share) $ 1.31 $ 1.19
Weighted-average common shares outstanding - diluted (in shares) 797 826
Diluted earnings per common share (in dollars per share) $ 1.31 $ 1.19
Cash dividends per share (in dollars per share) $ 0.48 $ 0.41
Retained Earnings    
Balance at beginning of period $ 3,452 $ 5,425
Cumulative effect of accounting change (263) 33
Net earnings 1,046 988
Cash dividends declared (382) (338)
Share repurchases (758) (703)
Balance at end of period $ 3,095 $ 5,405