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Consolidated Statements of Earnings - USD ($)
$ in Millions
12 Months Ended
Feb. 03, 2023
Jan. 28, 2022
Jan. 29, 2021
Current Earnings      
Net sales $ 97,059 $ 96,250 $ 89,597
Cost of sales 64,802 64,194 60,025
Gross margin 32,257 32,056 29,572
Expenses:      
Selling, general and administrative 20,332 18,301 18,526
Depreciation and amortization 1,766 1,662 1,399
Operating income 10,159 12,093 9,647
Interest – net 1,123 885 848
Loss on extinguishment of debt 0 0 1,060
Pre-tax earnings 9,036 11,208 7,739
Income tax provision 2,599 2,766 1,904
Net earnings $ 6,437 $ 8,442 $ 5,835
Basic earnings per common share (in dollars per share) $ 10.20 $ 12.07 $ 7.77
Diluted earnings per common share (in dollars per share) $ 10.17 $ 12.04 $ 7.75
Current Earnings (Percentages)      
Net sales 100.00% 100.00% 100.00%
Cost of sales 66.77% 66.70% 66.99%
Gross margin 33.23% 33.30% 33.01%
Expenses (Percentages)      
Selling, general and administrative 20.94% 19.01% 20.68%
Depreciation and amortization 1.82% 1.73% 1.56%
Operating income 10.47% 12.56% 10.77%
Interest – net 1.16% 0.92% 0.95%
Loss on extinguishment of debt 0.00% 0.00% 1.18%
Pre-tax earnings 9.31% 11.64% 8.64%
Income tax provision 2.68% 2.87% 2.13%
Net earnings 6.63% 8.77% 6.51%