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Consolidated Statements of Earnings - USD ($)
$ in Millions
12 Months Ended
Jan. 28, 2022
Jan. 29, 2021
Jan. 31, 2020
Current Earnings      
Net sales $ 96,250 $ 89,597 $ 72,148
Cost of sales 64,194 60,025 49,205
Gross margin 32,056 29,572 22,943
Expenses:      
Selling, general and administrative 18,301 18,526 15,367
Depreciation and amortization 1,662 1,399 1,262
Operating income 12,093 9,647 6,314
Interest – net 885 848 691
Loss on extinguishment of debt 0 1,060 0
Pre-tax earnings 11,208 7,739 5,623
Income tax provision 2,766 1,904 1,342
Net earnings $ 8,442 $ 5,835 $ 4,281
Basic earnings per common share (in dollars per share) $ 12.07 $ 7.77 $ 5.49
Diluted earnings per common share (in dollars per share) $ 12.04 $ 7.75 $ 5.49
Current Earnings (Percentages)      
Net sales 100.00% 100.00% 100.00%
Cost of sales 66.70% 66.99% 68.20%
Gross margin 33.30% 33.01% 31.80%
Expenses (Percentages)      
Selling, general and administrative 19.01% 20.68% 21.30%
Depreciation and amortization 1.73% 1.56% 1.75%
Operating income 12.56% 10.77% 8.75%
Interest – net 0.92% 0.95% 0.96%
Loss on extinguishment of debt 0.00% 1.18% 0.00%
Pre-tax earnings 11.64% 8.64% 7.79%
Income tax provision 2.87% 2.13% 1.86%
Net earnings 8.77% 6.51% 5.93%